The latest Commercial/Multifamily report from the Mortgage Bankers Association (MBA) is reporting the mortgage delinquencies on commercial and multifamily properties remained low in the fourth quarter of 2019. Much as they have through all of 2019. James Woodwell, MBA VP of Commercial Real Estate Research attributes the low delinquency rate to “solid property fundamentals, strong property values and low interest rates – continue to support the market. It is too early to tell if and how concerns tied to the coronavirus and the related global slowdown will affect commercial real estate loan performance, but the corresponding drop in financing costs are providing additional near-term support.”
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Commercial and Multifamily Mortgage Delinquencies Stay Low in the Fourth Quarter of 2019