Commercial Mortgage Credit Crisis ? Hold on
If you are in the commercial mortgage industry you’ve got to read to MBA’s recent report on delinquency rates as it will be the best news you’ve had in weeks. Of significance here is that our side of the business is holding its own, and is still performing.
Despite all of the press and hype. And despite an overall weak economy. 2007 was the best year on record for delinquency rates and we have only tick up slightly as of September 2008. All in all, commercial mortgage delinquency rates are still at historic LOWS.