Skip to main content

Commercial and Multifamily Originations Record Q2 Upswing

Phil Hall
Aug 01, 2017
Commercial and multifamily mortgage originations during the second quarter experienced a 28 percent spike from the first quarter

Commercial and multifamily mortgage originations during the second quarter experienced a 28 percent spike from the first quarter and a 20 percent boost from one year earlier, according to new data from the Mortgage Bankers Association (MBA).
 
The industrial and office sectors fueled the second quarter activity, with a 91 percent year-over-year increase in dollar volume of loans for industrial properties and a 33 percent increase for office properties. Multifamily properties saw a 21 percent annual increase, while hotel properties recorded a 14 percent increase and health care properties enjoyed a seven percent upswing. Retail properties, however, recorded a nine percent decline.
 
Among investor types, dollar volume of loans originated for commercial mortgage-backed securities loans increased by 168 percent year-over-year. This was far ahead of the 26 percent year-over-year increase for government-sponsored enterprises (Fannie Mae and Freddie Mac) loans. Life insurance loans saw a two percent decrease, while a 21 percent drop was seen in the dollar volume of commercial bank portfolio loans.
 
"Borrowing and lending backed by commercial and multifamily properties has been strong the first half of this year," said MBA Vice President of Commercial Real Estate Research Jamie Woodwell. "Reflecting broad industry trends, borrowing backed by industrial properties increased by two-thirds compared to the first half of 2016, while borrowing backed by retail properties dropped by one-sixth. As was the case during the first quarter, commercial/multifamily mortgage bankers' originations increased despite a slowdown in the volume of sales transactions."

 
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021