Offices, Insurance Top Commercial Servicing Conversations, Panel Says

NEW ORLEANS–Looking at servicing in the current commercial market, offices and insurance issues are top of mind. That’s per a panel at the Mortgage Bankers Association Commercial/Multifamily Finance Servicing and Technology Conference, here, May 20.

MBA: Commercial/Multifamily Borrowing Unchanged in First Quarter

Commercial and multifamily mortgage loan originations were essentially unchanged in the first quarter compared to a year ago, and decreased 23% from the fourth quarter of 2023, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

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.