Trepp LLC, New York, said bank commercial real estate originations rebounded in the third quarter, while delinquencies continue to trend downward after increasing modestly in 2020.
Tag: Delinquency Rate
CMBS Delinquency, Special Servicing Rates Dip Again
“More of the same” was the commercial mortgage-backed securities delinquency rate headline in July, according to Trepp Senior Managing Director Manus Clancy.
MBA: Pandemic Takes Aim at Commercial, Multifamily Mortgage Delinquency Rates
The coronavirus pandemic had a “dramatic and immediate impact” on delinquency rates for some mortgages backed by commercial and multifamily properties in the second quarter, although most continued to perform well, the Mortgage Bankers Association said today in two reports.
MBA Chart of the Week: Delinquency Rate for Commercial/Multifamily Mortgages
The delinquency rate for commercial and multifamily mortgages declined in July. The rate had increased sharply in April at the onset of the pandemic, with 3.6% of loan balances becoming newly delinquent. In May, delinquencies increased again, with a new, but smaller, cohort of newly delinquent loans (2.8%) and slightly more than half of the balance of loans that had been less than 30-days delinquent in April moving to the 30-60 days delinquent category. The inflow of newly delinquent loans continued to slow in June (1.8% of overall balances) and July (1.4%).