Skip to main content

Q1 Commercial and Multifamily Originations Drop 36 Percent From Previous Quarter
Apr 30, 2013

First quarter 2013 commercial and multifamily mortgage loan originations were nine percent higher than during the same period last year and 36 percent lower than the fourth quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. “First quarter commercial and multifamily mortgage origination volumes were nine percent higher than last year’s first quarter level,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “The overall number masks larger increases in the dollar volume of loans originated for commercial mortgage-backed securities (CMBS) and Fannie Mae and Freddie Mac and a decline in the amount originated for life insurance company portfolios.” The nine percent overall increase in commercial/multifamily lending volume, when compared to the first quarter of 2012, was driven by increases in originations for hotel and multifamily properties. The increase included a 35 percent increase in the dollar volume of loans for hotel properties, a 30 percent increase for multifamily properties, a two percent increase for industrial properties, a six percent decrease for office properties, a 15 percent decrease in health care loans and a 25 percent decrease in retail property loans. Among investor types, the dollar volume of loans originated for conduits for CMBS increased by 170 percent from last year’s first quarter. There was a 36 percent increase for Government-Sponsored Enterprise (GSE) loans, an eight percent increase for commercial bank portfolio loans, and a 21 percent decrease in dollar volume of loans originated for life insurance companies. Following the traditional seasonal pattern, first quarter 2013 commercial and multifamily mortgage originations were 36 percent lower than originations in the fourth quarter of 2012. Compared to fourth quarter 2012, first quarter 2013 originations for hotel properties saw a 69 percent decrease. There was a 65 percent decrease for industrial properties, a 45 percent decrease for office properties, a 45 percent decrease for health care properties, a 32 percent decrease for multifamily properties and a 17 percent decrease for retail properties. Among investor types, between the fourth quarter of 2012 and first quarter of 2013, loans for GSEs saw a decrease in dollar volume of 40 percent, loans for conduits for CMBS saw a decrease in loan volume of 38 percent, originations for life insurance companies decreased 31 percent and loans for commercial bank portfolios decreased by 29 percent.
Apr 30, 2013
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Industry News
Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Industry News
Jan 26, 2023
Housing Prices Across Texas Likely Hobbled In 2023

But you’re getting a lot less for $1 million

Industry News
Jan 23, 2023
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023
Former Employees Sue Rocket Mortgage Over OT Pay

Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.

Jan 09, 2023