Another point of view:
Delinquency rates ticked up slightly in the second quarter for most commercial/multifamily mortgage investor groups, but remained at the lower end of their historical ranges, according to a new report from the Mortgage Bankers Association (MBA).
Commercial/multifamily mortgages are not seeing the same kinds of deterioration in performance that single-family mortgages, construction and some other types of loans have seen, according to Jamie Woodwell, MBA's vice president of commercial/multifamily research. "While delinquency rates for most commercial/multifamily investor groups are slightly higher over the last two quarters, it is important to remember that we are coming off record lows for the past year," she points out. "The take away is that commercial/multifamily mortgage performance generally remains strong and well within expectations."
Read the full article from Global Real Estate Monitor (see link below).
Oct 6, 2008