Q2 2023: Multifamily REO Volume Nearly 3x Higher than Previous Quarter
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
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
Multifamily loan performance reversed course and saw a massive new surge in distress as we moved into 2023. Rising from just $546M in new 30-89
Non-performing commercial mortgage loans appear to have reversed course, with increasing levels of distress. This reversal of the trend we’ve seen for the past two
Following two years of improving performance residential mortgage loans appear to have reversed course in Q4 2022, with more newly defaulting loans. Banks are holding
Overall multifamily loan performance continued to improve in Q3. Although this follows a 50% spike in 90+ day late multifamily mortgage loans at the end
Total non-performing commercial mortgage loans appear to have again hit a new low point, now down to the least dollar volume of distress in at least
Overall residential mortgage loans appear to have continually improved in performance over the past two years. Still, banks are holding tens of billions of dollars