NU Online News Service, Aug. 20, 12:56 p.m. – The rate of reported delinquencies on commercial mortgage loans held by U.S. life insurers is at the lowest level recorded in 36 years of surveys by the American Council of Life Insurers, Washington.
In spite of the recent economic slowdown, the latest quarterly ACLI survey shows the delinquency rate fell to 0.24% for the quarter ending June 30, edging out the previous record of 0.25% set in December 1999.
Jack Nowakowski, ACLI manager of investment research, attributes the low rate to the more stringent standards life insurers now use when deciding whether to take commercial mortgages.
