SAN DIEGO — The Mortgage Bankers Association said commercial and multifamily mortgage loan originations jumped by a record 79 percent in the fourth quarter from a year ago, and by 44 percent from the third quarter.
Category: News and Trends
MBA: 2022 Commercial/Multifamily Mortgage Maturity Volumes to Increase 12 Percent
SAN DIEGO — The Mortgage Bankers Association said $248.8 billion of the $2.6 trillion (12 percent) of outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2022, a 12 percent increase from the $222.5 billion that matured in 2021.
‘Rise and Thrive:’ Bob Broeksmit, CMB, Opens CREF22
SAN DIEGO—Mortgage Bankers Association President & CEO Bob Broeksmit CMB, opened the MBA 2022 Commercial/Multifamily Finance Convention and Expo with a welcome back—it was the first live CREF Convention since 2020—and a call to action.
How Low-Density Multifamily Could Increase Affordable Housing Supply
Enterprise Community Partners, Columbia, Md., said re-zoning land to allow low-density multifamily housing could help communities address the negative impacts of exclusionary single-family zoning.
CMBS Defeasance Snaps Back
Kroll Bond Rating Agency, New York, reported commercial mortgage-backed securities defeasance volume rebounded strongly last year after falling by nearly half in 2020.
FHFA Seeks Input on FY2022-2026 Strategic Plan
The Federal Housing Finance Agency asked for input on its Draft Strategic Plan, which outlines the Agency’s priorities for the coming years as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac.
Wells Fargo Leads MBA 2021 Year-End Commercial/Multifamily Servicer Rankings
SAN DIEGO — The Mortgage Bankers Association released its year-end ranking of commercial and multifamily mortgage servicers’ volumes as of December 31.
Multifamily Starts 2022 Strong
The multifamily market saw solid rent gains in January–normally a tepid month for rent growth, reported Yardi Matrix, Santa Barbara, Calif.
Dealmaker: Bellwether Enterprise Secures $90M for LA Multifamily
Bellwether Enterprise Real Estate Capital, Cleveland, closed a $90 million permanent placement loan for 1133 Hope, a Class A Los Angeles apartment community.
MBA, Trade Groups Urge Senate Support of ‘Tough Legacy’ LIBOR Bill
The Mortgage Bankers Association and more than a dozen industry trade groups on Monday urged Senate leadership to support legislation that would address “tough legacy” contracts that currently reference the soon-to-expire London InterBank Offered Rate.