NYMT has restructured its portfolio over the past two years to stop lending for multifamily properties and minimize funding of ground-up construction projects.

The share of mortgages in forbearance increased from 0.34% as of the end of September to 0.47% at the end of October, according to the Mortgage Bankers Association.

Some $30.44 billion of multifamily loans went into commercial MBS issuance in the third quarter, a 46.1% increase from the second quarter.