A recent release from the Mortgage Bankers Association showed that commercial and multifamily loan delinquency rates did not have a significant change during the third quarter.
The ratio of FDIC-insured bank loans that were delinquent for more than 90 days dropped 0.19 percent to 3.75 percent. For loans that were a part of life company portfolios and delinquent for more than 60 days, the figure rose 0.07 percentage points to 0.19 percent. Multifamily Freddie Mac loans had a delinquency rate of 0.33 percent, while the same type of loan for Fannie Mae rose to 0.57 percent.
"There were modest changes in commercial/multifamily delinquency rates during the third quarter," said Jamie Woodwell, vice president of commercial real estate research for MBA. "The delinquency rates for loans held by life insurance companies, Fannie Mae and Freddie Mac each ticked up slightly in the quarter, but remained at relatively low overall levels."
The small changes in the commercial lending delinquency figures may signal that heightened sales are stabilizing the industry.