The Real Deal Miami

U.S. loan delinquency rate recovery stalls

April 28, 2011 02:38PM

Loan delinquencies fell nationally in the first quarter of the year,
with the exception of construction loans, which saw a 30-basis-point
improvement from the fourth quarter of 2010, according to estimates released
today for first-quarter 2011 by analytics firm Trepp. “The recovery in delinquency rates that
began in the second quarter of 2010 appears to have stalled,” said Matt
Anderson, a managing director at Trepp. “This underscores the fact that
markets have not yet truly recovered.” According to Anderson, this reflects “anemic” growth in both
residential and commercial real estate, he said. Commercial and
industrial loans saw the biggest decrease in the fourth quarter, with a
20-basis-point decrease from the fourth quarter. TRD