X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-The Mortgage Bankers Association has just released its inaugural analysis of Commercial/Multifamily Mortgage Delinquency Rates and has found that delinquency rates ended 2007 were at, or close to record lows for most major investor groups. CMBS delinquency rates at year-end 2007 were lower than those at year-end of nine of the previous 10 years.

Life companies finished 2007 with a delinquency rate lower than at year-end of all 11 of the pervious 11 years. Fannie Mae finished with a rate equal to or lower than 10 of the previous 11 years. Freddie Mac finished with a rate lower than 10 of the previous 11 years. And FDIC-insured banks and thrifts finished the year with a delinquency rate lower than five of the previous 11 years.

The new MBA analysis looked at delinquency rates since 1996 and compared year-end rates for the five major investor groups. “While the numbers aren’t comparable across different investor groups, within each group they show a common theme–for nearly every investor group, commercial/multifamily loans are currently performing at some of the strongest levels on record,” says Jamie Woodwell, senior director of commercial/multifamily research at the MBA.

MBA was happy to point to a piece of positive news coming out of the real estate capital markets. “This is an important new analysis that helps cut through much of the recent ‘noise’ on commercial real estate finance,” Steve Graves, managing director & COO of Principal Real Estate Investors and Chair of MBA’s Commercial Board of Governors, says. “Despite a great deal of attention being paid to economic uncertainty, it is reassuring to know that the performance of commercial and multifamily mortgage loans and bonds has remained so fundamentally sound.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.