Magazine article Mortgage Banking

11 Percent Increase in 2013 commercial/MF Mortgage Originations

Magazine article Mortgage Banking

11 Percent Increase in 2013 commercial/MF Mortgage Originations

Article excerpt

The Mortgage Bankers Association projects commercial and multifamily mortgage originations to grow to $254 billion in 2013, an 11 percent increase from 2012 volumes.

This second annual commercial/multifamily forecast, released Feb. 4, said commercial/multifamily originations will continue to increase in 2015 to $289 billion and multifamily originations will reach $100 billion in 2013.

Commercial/multifamily mortgage debt outstanding is expected to grow in 2013, ending the year above $2.4 trillion--more than 2 percent higher than at the end of 2012. By the end of 2015, mortgage debt outstanding is forecast to exceed $2.5 trillion.

"2012 was a strong year for the commercial and multifamily mortgage markets, and 2013 is shaping up to continue the growth," said MBA Vice President of Commercial Real Estate Research Jamie Woodwell. "Despite a 21 percent decline in the volume of commercial and multifamily mortgages maturing this year, we expect origination volumes and the amount of mortgage debt outstanding will both increase."

Woodwell added that the MBA forecast anticipates Fannie Mae, Freddie Mac and FHA, as well as life insurance companies, will "continue to have strong appetites for making loans, and--coupled with growth in originations for commercial mortgage-backed securities--the total market will continue to expand. …

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