Friday, April 4, 2008

MBA Cites Wachovia, Wells Fargo and Bank of America as Top U.S. Commercial/Multifamily Originators

WASHINGTON, DC-- Wachovia, Wells Fargo and Bank of America were the top commercial/multifamily originators in 2007, according to the Mortgage Bankers Association (MBA) 4th Annual Commercial/Multifamily Finance Firms Annual Originations Rankings.

Other originators in the top 10 include: Deutsche Bank Commercial Real Estate; Credit Suisse; Holliday Fenoglio Fowler, L.P.; Capmark Financial Group Inc.; CBREMelody; Goldman, Sachs & Co.; and KeyBank Real Estate Capital.

Five different companies topped the 11 lists reporting originations by investor groups:

Wachovia as the top originator for REITS, mortgage REITs, investments funds, Fannie Mae and conduits; Capmark Financial Group for Freddie Mac, FHA/Ginnie Mae, and specialty finance companies; Bank of America for commercial banks/savings institutions; Wells Fargo for life insurance companies and for other investors; TIAA-CREF for pension funds; and GE Real Estate for credit companies.

By dollar volume, the top three intermediaries in 2007 were Wells Fargo, Holliday Fenoglio Fowler, L.P., and CBREMelody. The top three lenders were Wachovia, Bank of America and Wells Fargo.

The MBA Annual Originations Rankings study is the only report of its kind that provides firm-specific dollar volumes and loan counts detailing the mortgage originations of 124 leading commercial/multifamily intermediaries and lenders.

Detailed tables present origination volumes in more than 140 categories, including by role (e.g., lender, intermediary), by investor group (e.g., conduit, commercial bank/thrift, life company, Fannie Mae, Freddie Mac, etc.), by property type (e.g., office, multifamily, retail, industrial, etc.), by financing structure type (first lien, mezzanine, other), by the location of the originating office, and by combinations of these categories.

A copy of the results is available through MBA's Online Store by visiting the following Web link: http://store.mortgagebankers.org/ProductDetail.aspx?product_code=EC6-300013-RP-I.

CONTACT:

Jason Vasquez
(202) 557-2950
jvasquez@mortgagebankers.org

No comments: