Defaults Decrease on Commercial Loans
The California Commercial Loan Delinquency Ratio has fallen to below one-half of 1 percent, according to the most recent “Quarterly Delinquency Survey” conducted by the California Mortgage Bankers Association.
According to the survey, nearly all (99.9 percent) of the commercial real estate loans serviced by mortgage banking associations were either current or one payment late.
The Sept. 30 ratio stood at 0.1 percent, compared with 0.9 percent in June and 0.14 percent in September 2005.
The survey looked at data on property loans for retail spaces, office buildings, multi-family homes, hospitality services and mobile homes.—A.A.N.
