Banking

MBA Sees Commercial Delinquencies Jump 

Delinquency rates on commercial and multifamily mortgages held by the five largest investor groups are now at levels higher than those seen following the 2001 recession, the Mortgage Bankers Association said this week. The increase is attributed to the weakening economy and continued credit crisis. Between Q408 and Q109, the number of loans at least thirty days delinquent held in CMBS rose 0.68 percentage points to 1.85%, according to the MBA’s Commerical/Multifamily Delinquency Report.