Commercial and multifamily mortgage delinquencies declined in the third quarter of 2021, according to the Mortgage Bankers Association‘s (MBA) latest Commercial/Multifamily Delinquency Report.
“Commercial mortgage delinquency rates for every major capital source have come down since the early months of the pandemic,” says Jamie Woodwell, MBA’s vice president of commercial real estate research. “With low numbers of loans becoming newly delinquent, much of the declines are coming from the resolution of loans with later-stage