MBA Chart of the Week: Commercial/Multifamily Mortgage Banker Originations
Commercial and multifamily mortgage originations increased by 35 percent between the third and the fourth quarters and rose by 19 percent compared to a year ago, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
MBA’s commercial/multifamily mortgage bankers’ originations index provides a preliminary estimate that originations for the full year 2015 were 24 percent higher than in 2014.
The fourth quarter was the fourth highest quarter for borrowing and lending on record. Banks, life insurance companies and Fannie Mae and Freddie Mac all saw their highest originations volumes on record.
MBA’s forecast for commercial/multifamily originations anticipates that momentum from the fourth quarter will carry into 2016, and that originations are likely to top the previous record of $508 billion of loans originated in 2007.
To view the Chart of the Week, click https://www.mba.org/news-research-and-resources/forecasts-data-and-reports/forecasts-and-commentary/chart-of-the-week.
(Jamie Woodwell is vice president of commercial/multifamily research and economics with the Mortgage Bankers Association. He can be reached at jwoodwell@mba.org. Reggie Booker is associate director of commercial/multifamily research with MBA; he can be reached at rbooker@mba.org.)
