Jake Mooney is a senior reporter covering real estate, including real estate investment trusts, commercial mortgage-backed securities, private equity and real estate investment banking.Full Bio
Jake Mooney is a senior reporter covering real estate, including real estate investment trusts, commercial mortgage-backed securities, private equity and real estate investment banking. Before joining S&P Global Market Intelligence's predecessor company in 2012, he worked for a decade as a freelance journalist for various publications, including The New York Times.
Jake holds a bachelor's degree from the Program of Liberal Studies at the University of Notre Dame, and a masters degree in journalism from Columbia University.Minimize
Delinquencies rose in large banks' nonowner-occupied CRE books in Q2 2024
Delinquencies on loans at large banks backed by nonowner-occupied commercial real estate properties rose again in the second quarter, as the segment continued to be a unique area of concern for the biggest lenders. For banks of most sizes, the delinquency rates are similar for commercial real estate (CRE) loans on owner-occupied and nonowner-occupied properties. But for banks l...
Warning signs of distress in the multifamily lending market flashed more brightly in the final quarter of 2023, amid concerns that a wave of new construction had hurt some landlords' ability to raise rents. During the fourth quarter, the volume of multifamily loans that were at least 30 days past due or in nonaccrual status at US banks rose to $3.46 billion, up 43.1% from the p...
Distress in CRE loans on nonowner-occupied properties rises at US banks
US bank loans backed by owner-occupied commercial real estate properties have performed better on average in recent quarters than those backed by nonowner-occupied properties. The disparity stems largely from a sharp drop in the performance of large banks' nonowner-occupied commercial real estate loans. The delinquency ratio for loans on owner-occupied properties was generally ...
