US DATA: MBA Q3 delinquency rates declined for commercial and
multifamily mortgages held by banks and in commercial mortgage backed
securities (CMBS). Delinquency rates increased for loans held by life
insurance companies and held or insured by Fannie Mae and Freddie Mac
but are still at low levels, according to the Mortgage Bankers
Association’s (MBA) Commercial/Multifamily Delinquency Report. Between
the second and third quarters of 2011, the 90+ day delinquency rate for
loans held by FDIC-insured banks and thrifts decreased 0.19 percent to
3.75 percent. The 60+ day delinquency rate for loans held in life
company portfolios increased 0.07 percentage points to 0.19 percent. The
60+ day delinquency rate for multifamily loans held or insured by Fannie
Mae increased 0.11 percentage points to 0.57 percent. The 60+ day
delinquency rate for multifamily loans held or insured by Freddie Mac
increased 0.02 percentage points to 0.33 percent. The 30+ day
delinquency rate for loans held in commercial mortgage-backed securities
(CMBS) decreased 0.10 percentage points to 8.92 percent.