Delinquency rate for CMBS loans reaches highest level since MBA figures began

TRD New York /
Jun.June 08, 2011 10:33 AM

In the first quarter of 2011, the delinquency rate for loans held in commercial mortgage-backed securities reached the highest level since Mortgage Bankers Association began tracking figures in 1997, the association said today, but the climb was slower than in recent quarters.

Delinquency rates among different commercial, multifamily mortgage investor groups were mixed for the quarter and rates for other groups remain below levels seen in the last major real estate downturn during the early 1990s — some by large margins.

Between the fourth quarter of 2010 and first quarter of 2011, the 90 or more day delinquency rate on loans held by FDIC-insured banks and thrifts remained steady at 4.18 percent.

The delinquency rate for commercial and multifamily mortgages held in life insurance company portfolios was 7.23 percentage points lower than the series high of 7.37 percent, reached during the fourth quarter of 1993; the rate for multi-family loans held by Fannie Mae was 2.98 percentage points lower than the series high of 3.62 percent, reached during the fourth quarter of 1991; and the rate for multifamily loans held by Freddie Mac was 6.45 percentage points lower than the series high, 6.81 percent, reached in 1992. TRD


Related Articles

arrow_forward_ios
55 Hudson Yards, Facebook CEO Mark Zuckerberg (Credit: Google Maps and Getty Images)

Here’s how much Facebook is paying at Hudson Yards

Heritage Equity Partners’ Toby Moskovits, Benefit Street Partners real estate managing director Micah Goodman, and the Williamsburg Hotel at 96 Wythe Avenue (Credit: Google Maps)

Toby Moskovits’ Williamsburg Hotel is headed for receivership following $68M loan default

Here’s one way to tell if a tower is in trouble

Here’s one way to tell if a tower is in trouble

Positive signs for CRE lending in 2018 amid strong market: report

Positive signs for CRE lending in 2018 amid strong market: report

Muss Development lands $198M refi for Brooklyn office building

Muss Development lands $198M refi for Brooklyn office building

Malls dying slower death than some investors anticipated

Malls dying slower death than some investors anticipated

A crowded market and development glut are making lenders think twice

A crowded market and development glut are making lenders think twice

KKR's Matt Salem

KKR places $1.1B bet on high-risk CMBS

arrow_forward_ios
Loading...