In 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual report of the multifamily lending market.
Tag: Jamie Woodwell
MBA Chart of the Week: Value of Private Construction Put-in-Place
Physicists have protons, neutrons, and electrons. Biologists have DNA and RNA. And economists have supply and demand — the building blocks upon which most of our understanding of markets rest.
MBA Releases Q1 2024 Commercial/Multifamily DataBook
The Mortgage Bankers Association just released its Q1 2024 Commercial/Multifamily Quarterly DataBook.
Commercial and Multifamily Mortgage Debt Outstanding Increased in First Quarter: MBA
The level of commercial/multifamily mortgage debt outstanding increased by $40.1 billion (0.9%) in the first quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
MBA: Commercial Mortgage Delinquency Rates Increased in First Quarter
Commercial mortgage delinquencies increased in the first quarter of 2024, according to the Mortgage Bankers Association’s latest Commercial Delinquency Report.
Offices, Insurance Top Commercial Servicing Conversations, Panel Says
NEW ORLEANS–Looking at servicing in the current commercial market, offices and insurance issues are top of mind. That’s per a panel at the Mortgage Bankers Association Commercial/Multifamily Finance Servicing and Technology Conference, here, May 20.
MBA: Commercial/Multifamily Borrowing Unchanged in First Quarter
Commercial and multifamily mortgage loan originations were essentially unchanged in the first quarter compared to a year ago, and decreased 23% from the fourth quarter of 2023, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
MBA: Total Commercial Real Estate Borrowing and Lending Declined 47% in 2023
Total commercial real estate mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47% decrease from the $816 billion in 2022, and a 52% decrease from the record $891 billion in 2021.
MBA Chart of the Week–Multifamily: Rents Reverting
The pandemic did a number on the housing market.
MBA: Delinquency Rates for Commercial Properties Flat in First Quarter of 2024
Delinquency rates overall for mortgages backed by commercial properties were unchanged during the first quarter of 2024, but loans backed by office properties continued to see a rise in delinquencies. This is according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.