$490.6B in Commercial/Multifamily Mortgages During 2016
April 6, 2017
Last year saw $490.6 billion in commercial and multifamily mortgages, according to new data from the Mortgage Bankers Association (MBA).
Multifamily properties recorded the highest origination volume at $214.1 billion, followed by office buildings, retail properties, hotel/motel, industrial and health care properties. First liens accounted for 97 percent of the total dollar volume closed. Commercial banks were the leading investor group for whom loans were originated, with $157.4 billion of the total, while the government-sponsored enterprises saw the second highest volume at $105.8 billion.
“For originations, 2016 was the third highest year on record, after 2007 and 2015,” said Jamie Woodwell, MBA’s vice president for commercial real estate research. “Borrowing and lending backed by multifamily properties made up the largest share of the market, and Fannie Mae and Freddie Mac drove much of that activity.”
FMJ Job Listings
- Mortgage Loan Consultant - Nuvision Credit Union - Mission Hills, CA
- Mortgage Loan Consultant - Nuvision Credit Union - Lakewood, CA
- Consumer Loan Underwriter - Credit Union of Colorado - Denver, CO
- Homeownership Program Manager - GO Northwest Housing Resource Center - Baltimore, MD
- Network Administrator - Randstad Technologies - Santa Ana, CA
- Training Delivery Specialist - 225 - Randstad Technologies - Raleigh, NC