California commercial loan delinquencies at 30-month low

15 of 17 companies report no more than 1 late payment in Q3

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For the 28th consecutive quarter, the California Commercial Loan Delinquency Ratio is below one half of 1 percent, according to the California Mortgage Bankers Association's latest survey. According to the September 30, 2005 Quarterly Delinquency Survey, 99.86 percent of the California commercial real estate loans serviced by 17 mortgage banking firms were either current or only one payment delinquent. This translates into a delinquency ratio of .14 percent, matching the two-and-a-half-year-low delinquency ratio of Dec. 31, 2002. This compares with a delinquency ratio of .18 percent three months ago and .24 percent a year ago. Fifteen of the seventeen companies reported no loans more than 30 days delinquent. Of the $70.6 billions of loans being serviced by the 17 California commercial mortgage bankers, $100.1 million, consisting of 12 individual loans, was two or more payments past due. It should be noted that there were no delinquent multifamily, industrial, hospitality or home p...