US DATA: MBA says delinquency rates for different
commercial/multifamily mortgage investor groups were mixed in Q3
according to the Mortgage Bankers Assoc Commercial/Multifamily
Delinquency Report. Q3 90+ day delinquency rate on loans held by
FDIC-insured banks and thrifts increased 0.15 percentage points to 4.41
percent. The 30+ day delinquency rate on loans held in commercial
mortgage-backed securities (CMBS) rose 0.36 percentage points to 8.58
percent. The 60+ day delinquency rate on loans held in life company
portfolios decreased 0.07 percentage points to 0.22 percent. The 60+
day delinquency rate on multifamily loans held or insured by Fannie Mae
decreased 0.15 percentage points to 0.65 percent. The 60+ day
delinquency rate on multifamily loans held or insured by Freddie Mac
increased 0.07 percentage points to 0.35 percent.