With increasing occupancies and rents, the multifamily sector has been one of the commercial property types to bounce back fastest from the effects of the "Great Recession."
Yet, at the same time, the multifamily sector has been one of the worst-performing property types in terms of delinquencies, a contradiction noted by Fitch Ratings.
Using the standard Fitch Ratings definition that counts any loan 60 or more days behind in payment as delinquent, the multifamily delinquency rate across the whole country was 14.4% at the end of 2011 but dropped to 12.8% at the end of January 2012.
