CMF Quote of the Week: April 20, 2023

“Delinquency rates for commercial and multifamily mortgages increased for the second straight quarter. The rise was led by a 110-basis point increase in the share of office loan balances that are 30 days or more past due.  At the same time, pandemic-fueled delinquency rates for retail and hotel loans continued to tick down.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research.