The Mortgage Bankers Association said the delinquency rate for loans held in commercial mortgage-backed securities is the highest since the series began in 1997.
Between the first quarter and second quarter of 2010, the 30+ day delinquency rate on loans held in CMBS rose 1.39 percentage points to 8.22%. The 60+ day delinquency rate on loans held in life company portfolios decreased 0.02 percentage points to 0.29%.
The 60+ day delinquency rate on multifamily loans held or insured by Fannie Mae rose 0.01 percentage points to 0.80%. The same rate on multifamily loans held or insured by Freddie Mac increased 0.03 percentage points to 0.28%. And the rate on loans held by FDIC-insured banks and thrifts remained unchanged at 4.26%.
