Commercial and multifamily mortgage delinquencies continued to ease in September, the Mortgage Bankers Association reported Wednesday.
The balance of mortgages backed by commercial and multifamily properties that were current dropped one basis point from August to 3.3% in September, according to MBA’s CREF Loan Performance Survey.
“Commercial and multifamily mortgage performance has improved considerably since the worst of the downturn,” said Jamie Woodwell, MBA’s vice president of commercial real estate research.