Skip to main content

Record Level of Commercial and Multifamily Origination in 2017

Phil Hall
Apr 10, 2018
A record volume of $530.1 billion of commercial real estate and multifamily loans were originated in 2017, according to new data from the Mortgage Bankers Association (MBA)

A record volume of $530.1 billion of commercial real estate and multifamily loans were originated in 2017, according to new data from the Mortgage Bankers Association (MBA). This represents an eight percent increase from 2016.
 
In terms of property types, multifamily properties saw the greatest quantity of origination volume with $233.9 billion in loans, followed by properties in the office, retail, lodging, industrial and health care sectors. Commercial banks were responsible for $151.2 billion of the total, followed by the government-sponsored enterprises at $130 billion. First liens accounted for 96 percent of the total dollar volume closed.
 
“2017 was a very strong year, driven by solid property fundamentals, rising property values, low interest rates, and a ready supply of mortgage capital all contributing to extraordinarily attractive finance markets,” said Jamie Woodwell, MBA’s vice president of commercial real estate research. “We expect another robust year in 2018, even with the slight increase in interest rates, although perhaps not quite as robust as 2017.”

 
Published
Apr 10, 2018
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021