Multifamily Delinquencies Rise Again, Hit New Post-Great Recession High

Fannie Mae and Freddie Mac (also known as “GSEs”) have released their November reports on their mortgage portfolios and mortgage delinquencies. Both Fannie and Freddie report that serious delinquencies in multifamily are rising to multiyear highs.(These numbers reflect the condition of mortgages in each agency’s portfolio, which are a major part of the overall mortgage market. Nearly half of the multifamily mortgage market are part of GSE portfolios.) For November, seriously delinquent multifamily mortgages (90+ days delinquent) at Fannie Mae rose to 0.75 percent. That’s up from October’s total of 0.71 percent, and it was up from November 2024’s total...