According to new data released by the Mortgage Bankers Association, delinquency rates for commercial and multifamily mortgage loans continued to decline in the third quarter of 2015.
“Commercial and multifamily mortgages are performing very well,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “Delinquency rates for loans held by life companies, Fannie Mae and Freddie Mac are all hovering near zero. Among loans held by banks, the delinquency rate for multifamily loans is now lower than it has been since the series began in 1993, and the delinquency rate for mortgages backed by other commercial properties is down to levels seen before the most recent recession.”
