MBA Forecast: 2021 Commercial/Multifamily Lending to Increase 11% to Nearly $500 Billion
The Mortgage Bankers Association expects commercial and multifamily mortgage bankers to close $486 billion in loans backed by income-producing properties in 2021, an 11 percent increase from 2020’s estimated $440 billion, according to its latest forecast.
MBA: 2021 Commercial/Multifamily Mortgage Maturity Volumes to Increase 36%
The Mortgage Bankers Association says $222.5 billion of the $2.3 trillion (10 percent) in outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2021, a 36 percent increase from the $163.2 billion that matured in 2020.
Mortgage Applications Decrease in MBA Weekly Survey
Rates rose to a three-month high last week, and mortgage applications dropped, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending February 5.
‘Murky’ Outlook for Office Sector
The U.S. office sector faces a “murky” future after a tumultuous 2020, said Yardi Matrix, Santa Barbara, Calif.
January Mortgage Credit Availability Increases
Mortgage credit availability increased in January, the Mortgage Bankers Association reported this morning.
