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.

Broad Improvement in CRE Loan Delinquency

Banks see most improvement

Dec. 6, 2012

By Mortgage Daily staff

Delinquency on commercial real estate loans was lower in the third quarter for most investor types, and more recent data indicates that the positive trend is continuing. The best improvement in performance was on commercial mortgages owned by banks, though securitized loans also performed well.

The biggest decline in CRE delinquency was at banks and thrifts, where the 90-day rate tumbled to 2.93 percent in the third quarter from 3.11 percent three months earlier. The past-due rate at U.S. financial institutions was 3.76 percent in the third-quarter 2011.

Thirty-day delinquency, including REO, on commercial mortgage-backed securities was 8.86 percent. The rate dropped from 8.97 percent in the second quarter. At the same point last year, CMBS delinquency was 8.92 percent.

The delinquency data was delivered Thursday in the third-quarter 2012 Commercial/Multifamily Delinquency Report from the Mortgage Bankers Association.

Morningstar Research previously reported that 30-day CMBS delinquency finished the third quarter at 8.103 percent, lower than 8.449 percent at the end of the second quarter. More recently, CMBS 30-day delinquency fell to 7.723 percent in October.

Trepp LLC previously reported a 30-day CMBS delinquency rate of 9.99 percent as of Sept. 30, down from 10.18 percent in June. Trepp said the rate fell to 9.69 percent in October.

"The delinquency rate on bank-held loans is at its lowest level since the beginning of 2009, and the delinquency rate for loans held in commercial mortgage-backed securities -- while still elevated -- continues to stabilize," .Jamie Woodwell, MBA's vice president of commercial real estate research, said in an accompanying announcement. "If one removes the CMBS loans that are in foreclosure or REO, that delinquency rate is at its lowest since late 2009."

At life insurance companies, MBA said the 60-day delinquency rate was 0.12 percent, falling 3 basis points from June and down 7 BPS from Sept. 30, 2011.

Fannie Mae had a 1-basis-point decline from the second quarter to end the third quarter with a 60-day multifamily rate of 0.28 percent. Fannie's delinquency was 29 BPS better than the third-quarter 2011.

Fannie has reported separately that multifamily delinquency was 0.28 percent in October.

At rival government-controlled enterprise Freddie Mac, 60-day multifamily delinquency was 0.27 percent as of Sept. 30, the same as on June 30 but better than 0.33 percent as of the same date last year.

Freddie has separately reported that its multifamily delinquency was just 0.24 percent in October.

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.

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