MBA (7/1/2008 ) Vasquez, Jason
The Mortgage Bankers Association this morning released its newest Commercial/Multifamily Research DataNote, which examines federally published data on banks' commercial/multifamily mortgage delinquency rates.
The DataNote finds that some of these delinquencies include construction loans, including those for single-family and other construction and development projects. Inclusion of these loans greatly inflates the delinquency rates reported for commercial and multifamily real estate loans. Once construction and development loans are excluded, commercial and multifamily mortgages have delinquency levels that are close to historic lows.
Research DataNotes are produced by MBA's research and economics staff to provide periodic insights into important issues within the real estate finance industry. To view the current Research DataNote, visit http://www.mortgagebankers.org/files/Research/CommericalDataNotes/CommericalDataNote070108.pdf.
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