Mixed messages on loans

Commercial looks good, residential bad
Bruce Spence - The Record - Friday, Jul 28, 2006
Although residential mortgage-loan default activity has been on the climb in recent months, the commercial-loan delinquency rate statewide remains well below one half of 1 percent. That's half the delinquency rate of a year ago.

This points to a strong state economy, said Peter Ulrich, analyst for the California Mortgage Bankers Association's new report.

The survey found that in the second quarter of this year, 99.91 percent of California commercial real-estate loans serviced by 17 mortgage banking firms were current or only one payment delinquent.
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