SAN DIEGO — Total commercial and multifamily mortgage borrowing and lending is expected to break $1 trillion for the first time in 2022, the Mortgage Bankers Association reported Monday at its 2022 Commercial/Multifamily Finance Convention and Expo.
Category: News and Trends
MBA: 4Q Commercial/Multifamily Borrowing Up Record 79%
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.
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.
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“I’m positive your businesses will set a new standard for serving your clients and improving society in the year ahead. And I know our industry will continue to rise and thrive.”
–MBA President & CEO Robert Broeksmit, CMB, at CREFF22 in San Diego.
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. At the top of the list of firms is Wells Fargo Bank N.A., with $735 billion in master and primary servicing.
MISMO Issues Mortgage Insurance Estimated Rate Quote API Standard
MISMO®, the real estate finance industry standards organization, launched a new mortgage insurance estimated rate quote API standard.
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“There is incredible strength in the commercial real estate market. We think the fundamentals are there both on the valuation side as well as the rents, vacancies and other property fundamentals for the remainder of this year.”
–Jamie Woodwell, MBA Vice President for Commercial Real Estate Research, speaking at CREF22 Monday in San Diego.
MBA Advocacy Update Feb. 14 2022
On Tuesday, House lawmakers passed a continuing resolution by a bipartisan vote of 272-162, sending the measure to the Senate for a vote ahead of a February 18 federal government funding deadline. And on Wednesday, the FHFA published its draft strategic plan for fiscal years 2022-2026.
People in the News Feb. 15, 2022: Pharrah Jackson-Rowell Rejoins Greystone; Leadership Transition at First American
Greystone, New York, named Pharrah Jackson-Rowell Vice President and loan originator on the firm’s affordable lending team.
MBA Chart of the Week Feb. 14 2022: Mortgage Delinquency Rates
The Mortgage Bankers Association’s National Delinquency Survey – covering national and state delinquencies through the fourth quarter of 2021 – was released last week.