The Federal Reserve raised its benchmark by a quarter of a point at its Wednesday meeting, and policy makers have stated that they expect two more rate increases this year, according to CNN. The federal funds rate, which affects rates for mortgages, credit cards and other types of borrowing, was lifted to a range of […]
Category: Mortgage Market Analysis
Opportunity for Brokers in the Multifamily Mortgage Market
Builder confidence in the multifamily market remained steady in the first quarter of 2018, according to both the Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI), reports released by the National Association of Home Builders (NAHB). “Multifamily builders and developers are reporting solid demand around the country, as shown in the vacancy rate […]
Take Advantage of the Strong Commercial Mortgage Market
Commercial and multifamily mortgage originations in 2017 were up 15% over 2016, according to estimates from the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. According to the data, there was a 9% increase in originations over the third quarter and a 10% increase compared to the fourth quarter of 2016. “Based […]
Take Advantage of the Positive Outlook for Commercial Mortgages
Originators of commercial and multifamily mortgages expect another strong year according to MBA’s 2018 CREF Outlook Survey. Originations are expected to increase by 78% of the top commercial/ multifamily firms surveyed, and nearly a quarter of those firms expect an overall increase of 5% or more across the entire market. When asked about their own […]
Commercial Mortgage Originations to Increase in 2017
Commercial and multifamily mortgage originations will rise to $515 billion in 2017, up 5 % from 2016, according to projections from the Mortgage Bankers Association (MBA). MBA expects volumes to remain around this level in 2018. Multifamily mortgages originations alone are expected to reach $235 billion in 2017, with total multifamily lending at $271 billion. […]
MBA: Commercial Mortgage Debt Increases, Delinquencies Remain Low
At the end of the second quarter, commercial and multifamily mortgage debt outstanding reached a total of $3.06 trillion, according to the Mortgage Bankers Association’s (MBA) most recent Commercial/Multifamily Mortgage Debt Outstanding report. The total level of commercial and multifamily mortgage debt outstanding rose $48.7 billion or 1.6% from the first quarter of 2017. Multifamily […]
MBA: Commercial Borrowing Increased Year-Over-Year
Commercial and multifamily loan originations in the second quarter of 2017 were up 20% year-over-year from the same time last year, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Additionally, the survey found that originations rose 28% from the first quarter of 2017. “Borrowing and lending backed by commercial […]
Getting your borrower a small-balance apartment mortgage
When home values and prices remain high, the demand for rental properties like apartments and multifamily housing is strong. Given the strength of this sector in the commercial mortgage market, brokers are likely to come across borrowers seeking finance for these properties. Here’s what you need to know when your borrower need to obtain a small-balance […]
Year-Over-Year Increase in Commercial Mortgage Originations
Commercial and multifamily mortgage originations rose by 9% year-over-year in the first quarter, according to data from the Mortgage Bankers Association (MBA). First quarter originations fell 27% from the fourth quarter of 2016, which is in line with seasonality of the market according to the organization. The year-over-year rise was fueled by year-over-year increases in […]
2016 Was a Strong Year for Commercial Real Estate
Commercial and multifamily mortgage volume totaled $490.6 billion last year, according to the Mortgage Bankers Association’s (MBA) 2016 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation released today. While the reported dollar volume for commercial mortgage lending fell from 2015 to 2016 by three percent, 2016 was still good year for the industry. “Last year […]