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Commercial Mortgage Delinquencies Climb

by thiryj

Loopnet reports that:

The delinquency rate for commercial mortgages held by four of the five major investor groups surveyed by the Mortgage Bankers Association continued their climb in the third quarter. Only Freddie Mac didn’t see an increase in delinquency. The rate for loans more than 90-days late stayed flat at 0.11%. That compares with 0.09% at the end of the first quarter and 0.01% in the third quarter a year ago. CMBS loans ended the quarter with a 4.06% delinquency

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