Fannie Mae and Freddie Mac’s multifamily loan delinquency rate is about 0.6%, far below the 8% rate in CMBS, according to Jay Parsons. CMBS accounts for less th

Fannie Mae and Freddie Mac’s multifamily loan delinquency rate is about 0.6%, far below the 8% rate in CMBS, according to Jay Parsons. CMBS accounts for less than 5% of multifamily debt, even as agency lenders grow more cautious on some NYC assets.