Commercial Mortgage Delinquencies Maintain Historic Lows
By Ben Johnson – National Real Estate Investor
Mar 13, 2008 1:26 PM
Delinquency rates on commercial and multifamily loans ended 2007 at or near record lows for most major investor groups, according to new research by the Mortgage Bankers Association (MBA).
Fourth quarter delinquency rates for commercial mortgage-backed securities (CMBS), life companies, and government-sponsored enterprises Fannie Mae and Freddie Mac clocked in at or near historic lows. And for FDIC-insured commercial banks and thrifts, delinquency rates were lower at year-end 2007 than during five of the previous 11 years and 10 of the past 16 years.
“This is an important new analysis that helps cut through much of the recent ‘noise’ on commercial real estate finance,� says Steve Graves, managing director & chief operating officer of Principal Real Estate Investors and chair of the Mortgage Bankers Association’s commercial board of governors.
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