US DATA: MBS says “Delinquency rates continued to increase in the
fourth quarter for most commercial/multifamily mortgage investor groups,
according to the Mortgage Bankers Association’s (MBA)
Commercial/Multifamily Delinquency Report. Between the third and fourth
quarters, the 30+ day delinquency rate on loans held in commercial
mortgage-backed securities (CMBS) rose 1.63 percentage points to 5.69
percent. The 60+ day delinquency rate on loans held in life company
portfolios decreased 0.04 percentage points to 0.19 percent. The 60+
day delinquency rate on multifamily loans held or insured by Fannie Mae
rose 0.01 percentage points to 0.63 percent. The 90+ day delinquency
rate on multifamily loans held or insured by Freddie Mac increased 0.04
percentage points to 0.15 percent.”