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National  + Finance  | 
Macklowe Properties is seeking at least $1.1 billion in financing for One Wall Street, according to Bloomberg News

CRE Mortgage Delinquencies Continue to Normalize 

Delinquencies for commercial and multifamily mortgages declined in the fourth quarter of 2021, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report. In many sectors, they’re now back down to pre-pandemic levels. 

“Commercial and multifamily mortgage performance continues to normalize, with delinquency rates down or flat for every major investor group,” said Jamie Woodwell, MBA’s VP of commercial real estate Research. “Delinquencies for some sectors appear to remain elevated for one of two reasons.  

“For some, lenders and servicers continue to work-out loans that were hard hit by the pandemic,” he continued. “For others, the method of reporting may classify forborne or other loans as delinquent, even when they are back on track.” 

Q4’s lowest delinquency rate was in life company portfolios at 0.04%, unchanged from the previous quarter. CMBS notched the highest at 4.02%, although the rate was down 84 basis points from Q3. 

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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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