MBA reveals commercial/multifamily delinquency rate figures

Delinquency rates of commercial and multifamily mortgages hovered near record lows in the third quarter of 2022 despite a challenging market environment.

In its latest report, data from the Mortgage Bankers Association revealed that the commercial and multifamily delinquency rates for five of the largest investor groups (commercial banks and thrifts, commercial mortgage-backed securities [CMBS], life insurance companies, and Fannie Mae and Freddie Mac) stayed low in Q3. According to MBA, these groups hold more than 80% of commercial/multifamily mortgage debt outstanding.

Based on the unpaid principal balance (UPB) of loans, delinquency rates for each group at the end of Q3 2022 were as follows: