twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.

CRE Loan Delinquency Reaches 2008 Levels

Bank commercial mortgage delinquency down 23 BPS

Dec. 3, 2013

By Mortgage Daily staff

Late payments on commercial real estate loans for some investor types has fallen to levels not seen in five years.

Banks and thrifts saw commercial mortgage delinquency of at least 90 days finish the third quarter at 1.95 percent -- the best rate since the fourth-quarter 2008, when delinquency was 1.65 percent.

Delinquency at financial institutions was 2.18 percent the prior quarter and 2.94 percent in the same quarter during the prior year.

The statistics were discussed in the Mortgage Bankers Association's Commercial/Multifamily Delinquency Report.

Delinquency of at least 30 days on loans included in commercial mortgage-backed securities was 7.51 percent in the third quarter.

It was the lowest level since the first-quarter 2010, when the 30-day rate was 6.81 percent.

CMBS delinquency was 7.81 percent three months earlier and 8.86 percent a year earlier.

Thirty-day delinquency on CMBS loans has since fallen to 7.66 percent as of Nov. 30, according to a report from Trepp LLC.

Delinquency of at least 60 days on CRE loans owned by life insurance companies finished September at 0.06 percent, off from 0.08 percent at the end of June and lower than 0.12 percent as of Sept. 30, 2012.

The last time the 60-day rate was this low for life insurers was the third-quarter 2008, when the rate was also 0.06 percent.

At Fannie Mae, 60-day delinquency on multifamily loans was 0.18 percent at the end of the third quarter, the best rate since the third-quarter 2008's 0.16 percent. Fannie's rate sank from the previous period's 0.28 percent and from 0.28 percent as of the same date last year.

Fannie has since reported that multifamily delinquency has fallen to 0.13 percent as of Oct. 31.

Freddie Mac's 60-day delinquency rate dropped to 0.05 percent in September from 0.09 percent in June and 0.27 percent in September 2012.

MBA data indicate that multifamily delinquency at Freddie was last this low in the fourth-quarter 2008, when it stood at just 0.01 percent.

However, Freddie reported that its 60-day multifamily delinquency rate crept up to 0.06 percent in October.

"Commercial and multifamily mortgage performance continues to reflect overall economic gains," MBA Vice President of Commercial Real Estate Research Jamie Woodwell explained in the report. "Improvements in underlying property performance and property values, and the continued availability of commercial and multifamily mortgage financing, led to declines in delinquency rates for every major investor group."

next story

back to current headlines

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Mortgage Backed Securities | MBS News | MBS Statistics
News about commercial and residential mortgage-backed securities. Stories about ratings actions and changes to servicer ratings. Studies and reports about the performance of securitizations and problem vintages and classes. Subprime, Alt-A, home equity and j u m b o analysis.

GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.

Bank news

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders