Commercial and Multifamily Mortgage Delinquencies Declined in the First Quarter

The commercial and multifamily mortgage loans experienced a decrease in the delinquency rate in the first quarter of 2015. They followed an overall downward trend defined by increasing real estate values and incomes. This is revealed in Commercial/Multifamily Delinquency Report of the Mortgage Bankers Association.

The analysis of the MBA concentrated on the delinquency rates for five major investor groups whose outstanding commercial and multifamily mortgage debt accounts for over 80% of the outstanding debt in this category. These groups are life insurance companies, thrifts and commercial banks, securities backed with commercial mortgage and Freddie Mac and Fannie Mae. The delinquency rate for each group is calculated taking the unpaid principal balance at the end of the first quarter of this year.

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The life insurance company portfolio mortgage loans that were 60 or more days delinquent accounted for 0.06%. The delinquency rate experienced a decline of 0.02 percentage points from the final quarter of 2014.
The share of mortgage loans of thrifts and commercial banks that were 90 or more days delinquent or in non-accrual was 1.03% at the end of the first quarter. It dropped down by 0.11 percentage points compared to the last quarter of 2014.

The delinquency rate for commercial mortgage-backed securities (30 or more days delinquency or in REO) was 5.17%. This rate was 0.19 percentage points lower compared to the rate in the final quarter of 2014.
The Freddie Mac mortgage delinquency rate (60 or more days delinquency) in the first quarter of 2015 was 0.03%. It decreased by 0.01 percentage points compared to the last quarter of last year.

Fannie Mae had a share of 60 or more days delinquent loans accounting for 0.09% of the outstanding mortgage debt. The delinquency rate in the first quarter of this year was 0.04 percentage points higher compared to the final quarter of last year.



Christian Calvin mortgage Christian is a contributing writer for He is a graduate from the University of Tennessee with a degree in Communications and a concentration in Broadcasting. Christian has served as vice-president for a privately-held company for more than 20 years. Additionally, he has also applied his writing and business knowledge to various websites with a focus on business and sports news . . . both of which are passions. Christian enjoys playing golf and spending time with his family and friends.


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