Finance

The level of commercial/multifamily mortgage debt outstanding increased by $43.6 billion (1.2 percent) to $3.76 trillion at the end of the second quarter.

The Trepp CMBS delinquency rate saw another drop in September.

The Trepp Special Servicing rate saw an increase of 44 basis points in September, coming in at 10.5 percent, compared to 10.0 percent in August.

Two recent reports from the Mortgage Bankers Association shed light on COVID-19’s impact on commercial and multifamily real estate.

Last year's $364.4 billion in multifamily lending volume is a 7 percent increase from the previous record set in 2018.

The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion in the first quarter of 2020, reports MBA’s Jamie Woodwell.

The May numbers were unexpectedly positive, but still leave the job market 13 percent smaller than pre-COVID-19 levels, reports MBA’s Jamie Woodwell.

With stay-at-home measures in place and contractions in the job market and economy, challenging times will continue in the second quarter.

This was supposed to be another record-breaking year for mortgage bankers, but originations started declining year-over-year in March, according to MBA's Jamie Woodwell.

Continuing the recent trend, the growth in multifamily mortgage debt outpaced that of other property types.

Total commercial/multifamily debt outstanding rose by 7.3 percent at the end of the fourth quarter.

What continues to support the market and is keeping delinquencies low for each of the five largest investor-groups?