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Commercial Mortgage Delinquencies Drop in September

Friday, Oct 08 2021
Commercial Lending
Written by  The Mortgage Leader

Delinquency rates for U.S. mortgages backed by commercial and multifamily properties fell in September, according to the latest survey by the Mortgage Bankers Association. So reports World Property Journal.

MBAFurthermore, 96.7% of outstanding commercial and multifamily loan balances were current, compared with 96.6% a month earlier.

Jamie Woodwell, MBA’s vice president of commercial real estate research, said in a statement, “Commercial and multifamily mortgage performance has improved considerably since the worst of the downturn.”

Read the full article from World Property Journal.

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