Anneliese Mahoney

4 days ago | newslink.mba.org | Anneliese Mahoney

Trepp, New York, reported that its CMBS delinquency rate rose to 7.08% in May, up five basis points. The overall delinquent balance was $42.6 billion, up from $41.9 billion in April, which marked a four-year high. Year-over-year the overall U.S. CMBS delinquency rate is up 211 basis points. By sector, the results were mixed. Lodging saw a 146-basis-point decline, to 6.39%. The multifamily rate also fell, down 46 basis points to 6.11%. However, that’s still 441 basis points higher than a year ago.

1 week ago | newslink.mba.org | Anneliese Mahoney

Redfin, Seattle, reported there are currently 34% more sellers in the market than buyers, the highest gap in data going back to 2013. That amounts to 1.9 million estimated sellers and 1.5 million buyers. This time last year, sellers outnumbered buyers by just 6.5%, and two years ago, buyers actually outnumbered sellers. There haven’t been this many sellers since March 2020, and at no point since 2013 (with the exception of the beginning of COVID-19 lockdowns) have there been so few buyers.

1 week ago | newslink.mba.org | Anneliese Mahoney

Intercontinental Exchange Inc., Atlanta, released its First Look at April 2025 data, finding that the national delinquency rate is up to 3.22%–up 1 basis point from March and 13 basis points from April 2024. Also in the data are U.S. Department of Veterans Affairs mortgages now processing through the foreclosure pipeline following the moratorium expiration. Serious delinquencies, loans 90-plus days past due but not in foreclosure–improved seasonally but were up 14% from April 2024.

1 week ago | newslink.mba.org | Anneliese Mahoney

Dwight Mortgage Trust, New York, successfully closed a $48 million construction loan for a mixed-use multifamily development in San Diego, and a $36 million bridge loan to refinance a waterfront apartment community in Corpus Christi, Texas. The San Diego development–GH 25–is a 114-unit multifamily complex with eight stories. In addition to studio, one- and two-bedroom apartments, there will be 3,250 square feet of ground-floor retail/commercial space and various amenities.

1 week ago | newslink.mba.org | Anneliese Mahoney

ACES Quality Management, Denver, saw the overall critical defect rate for Q4 2024 drop to 1.16%, the second lowest level since ACES began compiling the report. In Q4, Assets, Income/Employment and Credit improved, and Legal/Regulatory/Compliance–up by more than 200%–and Product Eligibility saw increases. And, Legal/Regulatory/Compliance emerged as the leading defect category, the first time in more than three years that Income/Employment didn’t hold the top spot.