MBA: Multifamily Lending Hit Record High in 2016

Oct 19, 2017

The multifamily lending sector ended 2016 on an eight percent year-over-year increase, setting a new peak with nearly 3,000 different lenders originating $269.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association (MBA).

By dollar volume, the greatest share (39 percent of the total) went to the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac.

The top five multifamily lenders in 2016 by dollar volume were Wells Fargo, JP Morgan Chase and Company, CBRE Capital Markets, Inc., Berkadia, and Walker & Dunlop. Among the investors in this market, the greatest share by dollar volume went to Fannie Mae and Freddie Mac, who harvest 39 percent of this volume.

“In 2016, strong property performance, rising property values and low mortgage rates all meant greater access to mortgage credit for apartment property owners,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “The $269 billion in lending that took place shows the breadth of the market—with loans ranging in size from tens of thousands of dollars to hundreds of millions, and the largest lender closing more than 7,500 loans while 61 percent of active lenders closed five or fewer loans.”

About the author

Phil Hall

Link copied

Published

Oct 19, 2017

Tech

UWM Brings Servicing In-House with ICE Mortgage Technology Partnership

Move aims to boost broker retention, borrower experience

United Wholesale Mortgage (UWM), the nation’s largest mortgage lender, has signed a long-term agreement to license ICE Mortgage Technology’s MSP loan servicing system — a strategic move to bring its mortgage servicing operations in-house and enhance support for its broker ne...

People On The Move

Kind Lending Hires Jennifer Folk As Chief Operating Officer

Mortgage industry veteran to focus on infrastructure, service delivery, and expansion at Kind, company says

Kind Lending, a mortgage lender that claims to be built on a culture of kindness, collaboration, and forward-thinking solutions, has appointed Jennifer Folk its new chief operating officer. Calling Folk “a powerhouse in mortgage operations and a respected leader in the f...