By ~ Calculated risk 1/28/2025 01:31:00 pm
In MBA: The delinquency rate of commercial real estate increased in the fourth quarter of 2024.
According to the Mortgage Bankers Association (MBA) latest commercial real estate finance (CREF) loan performance survey, the delinquency rate of mortgages supported by commercial real estate increased during the fourth quarter of 2024.
“In the last three months of 2024, the overdue rate of commercial mortgages increased.Mike Fratantoni, the SVP and chief economist of the MBA. “There are many problems faced by other fields. Office real estate may probably face the most difficult combination of weak foundations and stubborn interest rates. But despite the current conditions, other real estate types continue to benefit from relatively strong economy. ”
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The balance of commercial mortgage, not current, has slightly increased in the fourth quarter of 2024.
• In the case of some real estate types, especially offices, lodging, retail and multi -family, the rate of delinquency loans has increased. The overdue of the industrial characteristics has decreased.
• CMBS loan delinquency among capital sources was the highest level, but it was flat in quarter.
• 5.3%of CMBS loans have been overdue for more than 30 days from 4.8%at the end of last quarter.
• The non -current fee for other capital sources has been maintained in a milder state.
• 1.0%of the FHA multi -family and health care loans have been overdue for more than 30 days from 0.87%at the end of last quarter.
• 0.86%of the Life Company loan balance is overdue at 0.94%.
• 0.6%of the GSE loan balance was overdue at 0.5%of the previous quarter.
