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Highlights from Trepp’s April 2011 Delinquency Report

Highlights from Trepp’s April 2011 Delinquency Report

  • The overall delinquency rate in April rose 23 basis points to 9.65 percent, representing a new high. It was the largest uptick since December’s 27 basis point increase.
  • Overall, 8.90 percent of loans are seriously delinquent (60+ days or more past due) up from7.96 percent six months ago and 7.14 percent one year ago.
  • Multifamily remained the sector the highest delinquency rate. The multifamily rate is at 16.77 percent (up from 16.21 percent in January) while the lodging delinquency rate fell to 15.45 percent from 15.97 percent in March. The lodging delinquency rate peaked at 19.33 percent in September. The delinquency rate for industrial properties rose to 10.76 percent from 10.25 percent. It has nearly doubled in the past year from a rate of 5.41 percent. The delinquency rate rose for retail properties from 7.72 percent to 8.15 percent and rose for office properties from 7.13 percent to 7.20 percent.

Source: Trepp LLC

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