Skip to main content

MBA Reports Multifamily Lending Up 33 Percent

NationalMortgageProfessional.com
Oct 11, 2013

In 2012, 2,803 different multifamily lenders provided a total of $146.1 billion in new mortgages for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA). The 2012 dollar volume represents a 33 percent increase from 2011 levels. Sixty-seven percent of the active lenders made five or fewer multifamily loans over the course of the year. The MBA report is based on its surveys of the larger multifamily lenders and the recently released Home Mortgage Disclosure Act (HMDA) data that covers multifamily loans made by many smaller lenders, particularly commercial banks. The $146 billion of multifamily mortgages originated in 2012 went to a variety of investors.  By dollar volume, the greatest share (40 percent of the total) went to the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. In terms of number of loans, the greatest share (80 percent) went to commercial bank, thrift and credit union portfolios. The top five multifamily lenders in 2012 by dollar volume were JPMorgan Chase Bank N.A., Wells Fargo, CBRE Capital Markets, Inc., Walker & Dunlop, and Berkadia. ”In many ways we were in a golden age of multifamily finance in 2012, that to a large extent continues today,” said Jamie Woodwell, MBA’s vice president of Commercial Real Estate Finance. “Low interest rates, strong property fundamentals and increasing multifamily property prices are all supporting a very favorable lending environment.  The 33 percent increase in lending volume in 2012 brought levels nearly back to where they had been in 2007.” The MBA report is the most comprehensive view available of the multifamily lending market and includes: ►A detailed summary of the $146.1 billion multifamily market, ►Profiles of distinct market segments, including the very-small loan (loans of $1 million or less) lender segment, ►A breakout of 2012 multifamily lending volume by investor group, ►A listing of 2,803 lenders who made multifamily loans in 2012, including their lending volume, number of loans made and, average loan size, and ►A listing of metropolitan areas and the volume of very-small loans made in each in 2012. The report is based on data from the MBA 2012 Commercial Multifamily Annual Origination Volume Summation and the Home Mortgage Disclosure Act (HMDA). The MBA survey targets dedicated commercial/multifamily originators and covered $244 billion in commercial/multifamily loans in 2012. The HMDA data adds multifamily loans from banks, thrifts and other institutions that meet certain single-family origination thresholds. When combined, the two datasets provide the most comprehensive assessment of the multifamily lending market available.
Published
Oct 11, 2013
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021
SRE Mortgage Alliance 'Restructuring & Reorganizing'

7 p.m. UPDATE: Owner of technology-based wholesale residential mortgage lender in El Segundo to determine organization's future.

Wholesale
Oct 15, 2021
Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
Oct 14, 2021
UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
Oct 14, 2021
Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021