Improving housing markets continued to push down the overall delinquency rate of commercial and multifamily mortgages in the fourth quarter of 2013, according to the Mortgage Bankers Association.

At yearend 2013, the 60 or more days' delinquent rate for Fannie Mae-insured commercial and multifamily loans was 0.10%, down 14 basis points from yearend 2012 and down 8 basis points from the third quarter of 2013, based on unpaid principal balance. The corresponding rate for loans held in life company portfolios was 0.05%, down 3 basis points from a year ago, and 1 basis point from the previous quarter.

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