Multifamily Mortgage Woes: A Lingering Shadow on the Credit Market The latest numbers from CRED iQ present a mixed picture of bank held multifamily delinquencies. While the 1.
41% Q2 delinquency rate is down from its multi year high, it remains far below pre Global Financial Crisis levels. Improvements in early stage delinquencies – those 30 to 89 days past due fell to 0.
31% – are overshadowed by rising more serious delinquencies: 1. 10% of loans are now 90 plus days past due. The dollar value of delinquent loans may have decreased, but net charge offs are up to an annualized 0.