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MBA: Commercial Mortgage Delinquencies See Slight Uptick in Q4

Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly through the fourth quarter of 2022, according to the Mortgage Bankers Association’s (MBA) latest CREF Loan Performance Survey. The percentage of up-to-date loans decreased from 98.3% in Q3 to 98% in Q4. 

“Commercial and multifamily mortgages continued to perform well through the fourth quarter of 2022, albeit with a slight increase in the share of loans that are delinquent,” said Jamie Woodwell, MBA’s head of commercial real estate research. “Delinquency rates increased by small amounts for most property types even while the overall rate of delinquency remains low.” 

Loans backed by lodging and retail properties continue to see the greatest stress. Both also saw upticks in delinquency rates, rising to 6.1% and 5.4%, respectively, from 5.5% and 5.3% in Q3. Although office and multifamily delinquencies each ticked upward by a percentage point, industrial declined from 0.6% to 0.3%. 


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Mortgage Bankers Association

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 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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