National + Finance | May 31, 2022

CRE Delinquencies Continue Decline Through Q1 2022

Commercial and multifamily mortgage delinquencies declined nationally in the first quarter of 2022, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report, issued Tuesday.

All lending groups saw declines or stability in their delinquency rates, with the exception of life companies. However, life companies continue to claim the lowest delinquency rate at 0.05%, even with a 0.01-percentage-point increase during Q1.

“Commercial and multifamily mortgage delinquency rates that were elevated by the onset of the COVID-19 pandemic continued to come down during the first quarter of 2022,” said Jamie Woodwell, MBA’s VP of commercial real estate research. “Given the strength in market fundamentals and valuations for most property types, delinquency rates are at the lower end of their historical range for most major capital sources.”

Other lenders and their Q1 delinquency rates included banks and thrifts (0.56%), Fannie Mae (0.38%), Freddie Mac (0.08%) and CMBS (3.6%).

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Inside The Story

MBA’s Woodwell

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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