The Mortgage Bankers Association reports that commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the last three months of 2009.
Commercial and industrial loans had delinquency rates of 4.39 percent, followed by commercial mortgages at 5.06 percent.
Construction loans posted the highest delinquency rate at 18.56 percent, followed by single-family mortgages at 12.49 percent.
Source: Associated Press (03/09/10)
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delinquency rates
NAR Commercial Activism
NAR prepared a letter to Treasury Secretary Tim Geithner and FED Chair Ben Bernanke, urging them to take a more active role in commercial real estate markets because they continue to suffer from a scarcity of credit, ballooning delinquency rates and nearly $1.4 in commercial real estate debt coming due in the next three years. This letter was signed by 79 members of Congress. Is your representative among them?
