"What we are seeing is the continued impact of the recession," Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research, tells GlobeSt.com. "As the economy continues to see job losses and consumers continue to hold back in retail spending, as household formation remains slow--all of that puts pressure on the CRE markets."

MBA doesn't study whether the rate of delinquency losses is slowing, Woodwell adds. Anecdotally speaking, he says, "we haven't seen anything like that jump out at us, but then again, we haven't done a formal analysis on the question."

According to MBA:

  • Between the third and fourth quarters, the 30+ day delinquency rate on loans held in CMBS rose 1.63 percentage points to 5.69%;
  • The 60+ day delinquency rate on loans held in life company portfolios decreased 0.04 percentage points to 0.19%;
  • The 60+ day delinquency rate on multifamily loans held or insured by Fannie Mae rose 0.01 percentage points to 0.63%;
  • The 90+ day delinquency rate on multifamily loans held or insured by Freddie Mac increased 0.04 percentage points to 0.15%; and
  • The 90+day delinquency rate on loans held by FDIC-insured banks and thrifts rose 0.49 percentage points to 3.92%.
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.