Enchanted Taos Real Estate

June 1, 2015, real estate market update: mortgage delinquency rates, Midwest housing market

The latest daily real estate market news collected on a single page

 Inman   Jun 1, 2015

The Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report showed that delinquency rates for commercial and multifamily mortgage loans declined in the first quarter of 2015. From the statement:

• Life company portfolios (60 or more days delinquent): 0.06 percent, a decrease of 0.02 percentage points from the fourth quarter of 2014;
• Freddie Mac (60 or more days delinquent): 0.03 percent, a decrease of 0.01 percentage points from the fourth quarter of 2014;
• Banks and thrifts (90 or more days delinquent or in nonaccrual): 1.03 percent, a decrease of 0.11 percentage points from the fourth quarter of 2014;
• CMBS (30 or more days delinquent or in REO): 5.17 percent, a decrease of 0.19 percentage points from the fourth quarter of 2014;
• Fannie Mae (60 or more days delinquent): 0.09 percent, an increase of 0.04 percentage points from the fourth quarter of 2014.

Re/Max Integra Midwest’s inaugural “Springboard into Summer” report showed that the 2015 Midwest housing market was growing. “The Midwest housing market is creating a strong sense of optimism in real estate professionals, as well as buyers and sellers, as we head into summer, signaling the sustained economic recovery we have been hoping for,” said David Linger, executive vice president and regional director overseeing Re/Max Integra, Midwest in Minnesota, Wisconsin and Indiana, in a statement. “Higher closed sales and rising sales prices all point toward improvement, and we are confident that potential sellers will begin to emerge with the warmer weather and meet the intense buyer demand that has built up over time.”