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Apartment CMBS Delinquencies Could Lead to Increased Evictions

Currently, multifamily mortgage delinquency levels are up only slightly from pre-pandemic levels for both affordable housing and market-rate housing loans in CMBS transactions.

By Les Shaver | October 21, 2020 at 07:31 AM

When the Centers for Disease Control and Prevention’s eviction moratorium expires at the end of the year, Fitch Ratings expects to see more evictions.

Currently, multifamily mortgage delinquency levels are low and are up only slightly from pre-pandemic levels for both Fitch-rated affordable housing and market-rate housing loans in commercial mortgage-backed securities transactions. Fitch says the trend may continue to skew negative with sustained high unemployment amid slower economic recovery following 3Q20.

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