Commercial/Multifamily Mortgage Bankers Originations to Grow by 4 Percent in 2017

WASHINGTON, D.C. – November 7, 2016 – (RealEstateRama) — The Mortgage Bankers Association (MBA) projects originations of commercial and multifamily mortgages will grow to $537 billion in 2017, an increase of 4 percent from expected 2016 volumes of $515 billion. Mortgage banker originations of multifamily mortgages are forecast at $224 billion in 2017, with total multifamily lending at $272 billion.

“Commercial real estate markets are carrying a great deal of momentum as they close out 2016,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “Strong property fundamentals, increasing property values and sturdy sales activity – particularly among multifamily properties – are driving borrowing and lending to record levels. While next year could bring a variety of different market conditions, we anticipate a growing economy, coupled with only gradual increases in interest rates, will continue to support strong commercial property, and property finance, markets.”

Commercial/multifamily mortgage debt outstanding is expected to continue to grow in 2017, ending the year above $3 trillion, almost four percent higher than at the end of 2016.

MBA’s commercial/multifamily members can download a copy of MBA’s Commercial/Multifamily Real Estate Finance Forecast at www.mba.org/crefresearch.

CONTACT
Ali Ahmad

(202) 557- 2727

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MBA

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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