Calif. Commercial Delinquency Rate Drops to 0.23%: CMBA

The delinquency rate for commercial loans in California slipped 3bps from 0.26% to 0.23% in Q309, according to a survey conducted by the California Mortgage Bankers Association (CMBA). The survey spans 16 mortgage banking firms and more than $55bn of commercial and multi-family loans. Of the 6,453 loans surveyed, 19 had fallen into delinquency. The largest of [...]...