Newly Defaulting Multifamily Loan Volume Doubles in Q4
Banks reported another surge of multifamily loan defaults in Q4 2023. Not only did newly late loan volume double, but another $300M in already late
Banks reported another surge of multifamily loan defaults in Q4 2023. Not only did newly late loan volume double, but another $300M in already late
Commercial loans set another new record for non-performing volumes in Q4 2023. Yet, again, marking another two-year high in delinquency and distress. CRE mortgage debt,
The residential mortgage loan sector seems to be following its typical seasonal pattern, with another uptick in non-performing loans in Q4. An additional $2.5 billion
While banks seem to be reporting few new defaults on multifamily loans in Q3, we’ve seen another substantial increase in the volume non-performing multifamily loan
Commercial debt saw non-performing loan volume soar to new two-year highs in Q3. CRE debt, including construction loans, as well as consumer debt has seen
While the overall pool of non-performing residential mortgage loans stayed relatively flat from Q2, banks are dealing with more than $15B in 30-89 day late
While there were fewer new defaults on multifamily loans in Q2 compared to the previous quarter, banks reported a substantial increase in the volume of
Every commercial debt sector appears to have deteriorated this quarter, with the exception of farmland loans, which have continued to outperform other classes of mortgage
Distress in residential mortgages saw slight improvement over the past three months, with small decreases in REO inventory and most non-performing debt categories. It’s possible
Banks are holding a substantial amount of non-performing multifamily loan mortgage loans in 2023, following a significant surge in distress as we rolled into the
Distress in the commercial real estate loan sector continues to climb, topping out at $16.5B in Q1 2023. This is up from $13.8B in the
Distressed residential mortgage loan performance saw minimal improvement or decline in Q1 2023, with figures nearly identical to the previous quarter’s data. Small declines in