Delinquency rates for commercial and multifamily mortgage loans continued to decline in the second quarter of 2014, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report. During the second quarter of 2014, the 30+ day delinquency rate for loans held in commercial mortgage-backed securities (CMBS) decreased 0.45 percentage points to 5.71%. The 60+ day delinquency rate for multifamily loans held or insured by Fannie Mae was unchanged at 0.10%. The 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac decreased 0.02 percentage points to 0.02%. The 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios increased 0.03 percentage points to 0.08%. The 90+ day delinquency rate for loans held by FDIC-insured banks and thrifts decreased 0.17 percentage points to 1.40%.
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