The MBA report released on March 7th states that Q4 delinquencies did not increase for commercial and multi-family mortgages and remain low historically. Life Insurance companies, CMBS, Banks and Thrifts, and Fannie Mae and Freddie Mac all reported continued positive conditions during the quarter. There were only slight changes from the previous quarter.
“The market tailwinds of strong fundamentals, increasing property values and ready access to mortgage and other credit all put downward pressure on delinquency rates.” Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.
The full news release can be found here.