Delinquency rates for mortgages backed by commercial and multifamily properties declined in September, the Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey reported.
Category: News and Trends
MBA, California MBA Oppose California Props. 15 and 21
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STRATMOR: Lenders’ Pain Points Shift Dramatically During Pandemic
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ADP: September Private-Sector Employment Up 750k
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CoreLogic: Nearly 2 Million Homes at Elevated Risk of Wildfire Damage
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Final 2Q GDP Report Not Much Improvement
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August Pending Home Sales at Record High
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Dealmaker: Red Mortgage Capital Provides $39M FHA Loan
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MBA Annual20 General Sessions: Updates from FHFA Director Mark Calabria, CFPB Director Kathy Kraninger
MBA is pleased to announce that Federal Housing Finance Agency Director Mark Calabria and Consumer Financial Protection Bureau Director Kathy Kraninger will take the virtual stage at MBA Annual20. Calabria will deliver his remarks live on Monday, October 19 at 2:30 p.m. ET. On Tuesday, October 20 at 1:00 p.m. ET, hear a live interview with Kraninger, moderated by MBA 2021 Chairman Susan Stewart.
Quote
“After the initial stress of April and May, commercial and multifamily mortgage performance has stabilized, and in many cases, has begun to slowly improve. Lodging and retail properties felt the onset of the recession most immediately and dramatically, and that continues to show in the numbers. Delinquency rates remain more muted among other property types and overall, the inflow of newly delinquent loans has slowed to one-fourth the rate seen in April.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.