Morning Minute: Chicago area sees decline in delinquent commercial property loans

Delinquent commercial mortgage-backed securities loans are again on the decline, falling to 8.0 percent in May, due in part to an improving real estate market and lending environment, Crain’s Chicago Business reports. Delinquency rates had risen earlier in the year, but rising rents and occupancy rates, more loan modifications and increased lending are playing a role in the decline. Read the full Crain’s article, “Delinquencies decline on commercial property loans.

More news headlines:

Thousands of Illinoisans to Share Mortgage Relief – WIFR

Groups fighting Illinois home sprinkler mandate – Peoria Journal-Star

Household wealth tops pre-recession peak for first time – Chicago Tribune

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About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.