MBA: Delinquency Rates for Commercial Properties Flat in First Quarter of 2024

Delinquency rates overall for mortgages backed by commercial properties were unchanged during the first quarter of 2024, but loans backed by office properties continued to see a rise in delinquencies. This is according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.

MBA: February Commercial, Multifamily Mortgage Delinquency Rates Decrease

Delinquency rates for mortgages backed by commercial and multifamily properties decreased in February, as the COVID-19 pandemic’s impact on commercial and multifamily mortgage performance continues to vary by the different types of commercial real estate, the Mortgage Bankers Association reported.

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.