Skip to main content

Q1 Commercial/Multifamily Originations Up 12 Percent YoY

Phil Hall
May 14, 2019
The level of commercial and multifamily mortgage debt outstanding hit $3.39 trillion by the end of 2018

Commercial and multifamily mortgage loan originations during the first quarter were up by 12 percent on a year-over-year basis but were down 34 percent from the previous quarter, according to data from the Mortgage Bankers Association (MBA).
 
Among the property types, the greatest year-over-year gains by dollar volume occurred in the industrial sector (73 percent), followed by health care (41 percent), hotels (14 percent), retail (nine percent) and multifamily (nine percent). Among investor types, dollar volume of loans originated for the government-sponsored enterprises increased by 14 percent year-over-year, followed by life insurance company loans at seven percent and commercial bank portfolios at six percent, while loans originated for commercial mortgage-backed securities decreased by four percent.
 
"The momentum seen in 2018's record year of borrowing and lending continued in the first quarter of this year," said MBA Vice President of Commercial Real Estate Research Jamie Woodwell. "First quarter volumes were higher for nearly every property type, and double-digit growth in loan volume for Fannie Mae and Freddie Mac led the increase among capital sources. Low interest rates and strong property values continue to make commercial real estate an attractive market for borrowers."

 
Published
May 14, 2019
MBA Swears In New Officers For 2021-22

Kristy Fercho, executive vice president and head of home lending at Wells Fargo, is the new chairman.

Industry News
Oct 18, 2021
Wemlo Introduces Third-Party Processing Solution

Wemlo announced the first third-party mortgage processing solution, Loan Brokering System.

Tech
Oct 18, 2021
Nationwide Mortgage Bankers Names New COO

Nate Hernandez was named chief operating officer for Nationwide Mortgage Bankers.

Industry News
Oct 18, 2021
ICE Unveils Transaction-Based Indices For Residential Mortgage Interest Rates

Intercontinental Exchange Inc. launched its suite of U.S. residential mortgage locked rate indices.

Tech
Oct 18, 2021
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