Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GlobeSt reported last week (see Paul Bubny’s September 1 article) that the rise in the commercial real estate default rate for bank-held mortgages slowed markedly in the second quarter. Based on an analysis of bank filings and FDIC reports by Real Capital Analytics, the default rate for multifamily mortgages – which up to now has exceeded the commercial default rate – actually fell over the same period, marking the first meaningful improvement in the metrics of distress so far this cycle.

While the second quarter’s update suggests that conditions may be easing, the improvement has been relatively isolated amongst larger institutions.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



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
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.