Delinquency rates for commercial and multifamily mortgage loans continued to decline in the fourth quarter of 2013, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. During the fourth quarter of 2013, the 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios decreased 0.01 percentage points to 0.05 percent. The 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac increased 0.04 percentage points to 0.09 percent. The 60+ day delinquency rate for multifamily loaClick to continue
The Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB), showed a slight weakening as the index declined four points to 50 in the fourth quarter of 2013. It is, however, the eighth consecutive reading of 50 or above. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100.Click to continue
Commercial and multifamily mortgage originations increased 34 percent between the third and the fourth quarters of 2013, and were up 16 percent compared to the fourth quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers’ Originations. MBA’s commercial/multifamily mortgage bankers’ originations index shows originations for the full year 2013 were 15 percent higher than in 2012.Click to continue
The Mortgage Bankers Association (MBA) is projecting originations of commercial and multifamily mortgages will grow to $300 billion in 2014, a seven percent increase from 2013 volumes, and continue to rise to $333 billion in 2016. Originations of multifamily mortgages are forecast at $116 billion in 2014.Click to continue
The Mortgage Bankers Association (MBA) has released its 2013 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes. The survey found six percent, or $91.7 billion of the $1.5 trillion of outstanding commercial and multifamily mortgages held by non-bank lenders and investors, will mature in 2014, a 23 percent decline from the $119.5 billion that matured in 2013. Maturities will grow to $213 billion in 2016.Click to continue
The Mortgage Bankers Association (MBA) has released its year-end ranking of commercial and multifamily mortgage servicers’ volumes as of Dec. 31, 2013. At the top of the list of firms is Wells Fargo with $434.4 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $369.6 billion, Berkadia Commercial Mortgage LLC with $235.4 billion, KeyBank National Association with $169.7 billion, and GEMSA Loan Services, L.P. with $95.6 billion.Click to continue
Commercial and multifamily mortgage lending is expected to increase in 2014, as lenders’ appetites to place new loans grow even stronger, according to a new Mortgage Bankers Association survey of the top commercial and multifamily mortgage origination firms. Lenders were also polled on their expectations for borrower appetites in the New Year.Click to continue
Wolters Kluwer Financial Services has announced that it has acquired Financial Tools Inc., the provider of CASH Suite—an enterprise-wide financial analysis and credit risk management solution for U.S. commercial lenders. The addition of Financial Tools enables Wolters Kluwer Financial Services to provide U.S. community and regional banks and credit unions with the ability to manage financial performance and grow profitability with straight through processing across their commercial loan origination, servicing and regulatory reporting processes.Click to continue
Trepp, LLC released its December 2013 US CMBS Delinquency Report.
The Trepp CMBS delinquency rate continued to drop in December, which marked the seventh consecutive month of improvement. With a rate decrease of 23 basis points over the course of the month, the delinquency rate for US commercial real estate loans in CMBS is now 7.43 percent. The rate is 228 basis points better than the 2012 year-end delinquency rate.Click to continue
According to a new report from the Mortgage Bankers Association (MBA), the level of commercial/multifamily mortgage debt outstanding increased by $25.2 billion in the third quarter of 2013, as all four major investor groups increased their holdings. That is a 1.0 percent increase over the second quarter of 2013.
Total commercial/multifamily debt outstanding stood at $2.47 trillion in the third quarter. Multifamily mortgage debt outstanding rose to $887 billion, an increase of $10.8 billion, or 1.2 percent, from the second quarter.Click to continue