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Commercial and Multifamily Bankers Closed $358 Billion-Plus in 2013

Commercial Property Photo

Commercial and multifamily mortgage bankers closed $358.5 billion of loans in 2013 according to the Mortgage Bankers Association’s (MBA) 2013 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. Commercial bank and savings institutions were the leading investor group for whom loans were originated in 2013, responsible for $100.5 billion of the total.Click to continue

U.S. CMBS Delinquency Rate Hits Four-Year Low

Commercial and Multifamily Property

Trepp LLC has released its March 2014 US CMBS Delinquency Report, finding that the rate for U.S. commercial real estate loans in CMBS fell 24 basis points in March to 6.54 percent. The last time the Trepp U.S. CMBS delinquency rate was below this level was over four years ago, in January of 2010. Today’s rate is 288 basis points lower than where it was a year ago.Click to continue

Wells Fargo Named Top Commercial/Multifamily Originator in 2013


According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA), Wells Fargo; JP Morgan Chase & Company; Bank of America Merrill Lynch; Eastdil Secured; KeyBank; PNC Real Estate; HFF LP; Meridian Capital Group LLC; CBRE Capital Markets; and Prudential Mortgage Capital Company were the top commercial/multifamily mortgage originators in 2013.Click to continue

Outstanding Commercial/Multifamily Mortgage Debt Surpasses $41 Billion in Q4 2013

Commercial and Multifamily Property

The level of commercial/multifamily mortgage debt outstanding increased by $41.2 billion, or 1.7 percent, in the fourth quarter of 2013, as all four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA). On a year-over-year basis, the amount of mortgage debt outstanding at the end of 2013 was $90.5 billion higher than at the end of 2012, an increase of 3.7 percent. Click to continue

Commercial/Multifamily Delinquencies Drop in Q4

Commercial Property Photo

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

Multifamily Builder and Developer Sentiment Weakens in Q4

Multifamily Property Pic

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 Originations See 34 Percent Rise in Q4


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

MBA Projecting 2014 Commercial/Multifamily Originations to Hit $300 Billion Mark

Commercial Property Photo

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

Significant Dip in Commercial and Multifamily Loan Maturities Forecast for 2014

Commercial and Multifamily Property

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

MBA Ranks Wells Fargo Top Commercial Servicer in 2013


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