Commercial, multifamily mortgage delinquencies decline in Q1

The latest commercial/multifamily delinquency report published by the Mortgage Bankers Association (MBA) has revealed a decline in commercial and multifamily mortgage delinquencies in the first quarter of 2022.

MBA’s quarterly analysis looks at commercial and multifamily delinquency rates commercial banks and thrifts, commercial mortgage-backed securities (CMBS), life insurance companies, Fannie Mae, and Freddie Mac – five of the largest investor-groups which, together, hold more than 80% of outstanding commercial/multifamily mortgage debt.

Based on the UPB of loans, banks and thrifts – which track delinquency as 90 or more days delinquent or in non-accrual – reported a 0.56% delinquency rate, three basis points below the previous quarter.