Search
 

MBA Report: Commercial Mortgage Industry Still Going Strong

The latest Commercial/Multifamily DataBook for the second quarter of 2015 shows continued strength across the commercial mortgage industry.

By Bill Tryon | Updated on October 16, 2015

Commercial real estate continues a strong performance. The Mortgage Bankers Association just released the Commercial/Multifamily DataBook for the second quarter of 2015, summarizing its latest research into trends and conditions in the commercial mortgage industry.

As expected, the publication reveals the industry enjoyed continued economic growth throughout the second quarter of the year.  The seasonally adjusted annual growth rate for the US economy overall was marked at 3.9 percent, with job growth also strong at a seasonally adjusted 230,000 jobs per month. Specifically, MBA reported that mortgage originations increased by 113% in the government-sponsored (Freddie Mac/Fannie Mae) sector while CMBS loan originations increased by 64%.  The second quarter of 2015 also marked the first time multifamily mortgage debt has surpassed $1trillion, growing at almost 10% a year. According to the Federal Reserve Board, Credit quality was unchanged or improved in key districts, and delinquencies remain. Though low interest rates and generous terms for commercial real estate mortgages and construction loans were reported in Boston, credit standards were largely unchanged in other Districts.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.