The Mortgage Bankers Association says year-end data show that not only are late-pays diminishing, but charge-off rates are lower for commercial mortgages than for consumer debt.
“Counter to what many have predicted, commercial mortgages have proved to be neither ‘the next shoe to drop’ nor a ‘ticking time bomb’ for the banking sector or the economy as a whole,” Jamie Woodwell, MBA’s VP of commercial real estate research, says in a release.
