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| David H. Stevens |
ORLANDO, FL – Abbreviated remarks by David H. Stevens,
president, Mortgage Bankers Association:
Welcome to CREF, the largest gathering of commercial and
multifamily real estate professionals in the United States! At MBA, we’re celebrating 100 years of
building communities and helping families realize their dreams. We are glad that you are here to network,
renew and make new business deals, and strategically prepare your businesses
for the future.
Throughout our nation’s political and economic history, the
enduring presence of mortgage bankers lives as a constant reminder of our
purpose and our passion: We help create the building blocks of thriving
communities from houses and apartments to office, retail, industrial, hotel and
other commercial real estate.
Collectively, we – policy professionals and members together
- represent the entire real estate finance system. Here, in this room, in these halls, at this conference, we
recognize your diversified business models and how sometimes business lines
connect, and at other times, diverge with each other and your single-family
colleagues.
 |
| E.J. Burke |
Abbreviated Remarks by E.J. Burke, chairman, Mortgage
Bankers Association:
ORLANDO, FL – Good morning!
Welcome to CREF! Great to see so
many of you here this week.
This is a special time for MBA and I’m honored to serve you
as MBA’s 100th chairman.
We join an elite group of national associations that have
withstood the test of time to provide their members with 100 years of
service.
MBA’s longevity, in part, can be attributed to the legacy of
strong leaders that precede me. But
it’s also about evolution. It’s about
adapting to the change that is upon us, but also looking forward to the change
we know is coming.
Every day since our inception, we’ve advanced real estate
finance in America. We’ve grown
stronger, through recessions and depressions, through wars and natural
disasters, and through a variety of other crises and events.
MBA Opens Doors Foundation Announces Rental Assistance Grant
Program
 |
| Debra W. Still |
ORLANDO, FL — The Mortgage Bankers Association’s (MBA) Opens
Doors Foundation announced it was unveiling a rental assistance grant program
to help families with critically ill or injured children maintain their living
arrangements in the face of high health care costs.
The announcement was made at MBA’s annual Commercial Real
Estate Finance and Multifamily Housing (CREF) Convention in Orlando, FL
“MBA Opens Doors’ original program to provide mortgage
payments to families with sick children continues to serve as a model for
charitable giving within the real estate finance community,” said Debra
Still, Chairman of MBA Opens Doors.
“I am proud to lead
this laudable effort. However, missing
from our first initiative were the millions of Americans who rent instead of
own.
"Now that we have established this
important additional component of Opens Doors, we have the opportunity to keep
significantly more families in their homes during their time of need. We are committed to sustainable housing for
both renters and owners.”
MBA Forecasts $300 Billion of 2014 Commercial/Multifamily
Mortgage Originations
 |
| Jamie Woodwell |
ORLANDO, FL – The
Mortgage Bankers Association (MBA) projects originations of commercial and
multifamily mortgages will grow to $300 billion in 2014, a 7 percent increase
from 2013 volumes, and continue to rise to $333 billion in 2016. Originations of multifamily mortgages are
forecast at $116 billion in 2014.
“Early indications are that commercial and multifamily
lenders increased originations by 15 percent in 2013,” said Jamie Woodwell,
MBA’s Vice President of Commercial Real Estate Research.
“This year will once
again see fewer loans coming up against their maturities. But with still low interest rates, improving
property fundamentals, a rebound in property prices, and higher loan maturity
volumes on the horizon, we anticipate mortgage originations will continue to
increase in 2014.”
MBA: Significant
Drop in Commercial and Multifamily Loan Maturities in 2014
ORLANDO, FL (February 3, 2014) – The Mortgage Bankers
Association (MBA) released its 2013 Commercial Real Estate/Multifamily Survey
of Loan Maturity Volumes.
The survey found six percent, or $91.7 billion of the $1.5
trillion of outstanding commercial and multifamily mortgages held by non-bank
lenders and investors, will mature in 2014.
That represents a 23 percent decline from the $119.5 billion that
matured in 2013. Maturities will grow
to $213 billion in 2016.
The loan maturities vary significantly by investor
group. Just 3 percent ($12.7 billion)
of the outstanding balance of multifamily and health care mortgages held or
guaranteed by Fannie Mae, Freddie Mac, FHA and Ginnie Mae will mature in
2014.
Life insurance companies will see 5 percent ($18.0 billion)
of their outstanding mortgage balances mature in 2014. Among loans held in CMBS, 7 percent ($41.8
billion) will come due in 2014. Fifteen
percent ($19.2 billion) of commercial mortgages held by credit companies and
other investors will mature in 2014.
“2014 will be the fourth straight year of declining
commercial/multifamily mortgage maturities,” said Jamie Woodwell, MBA’s
Vice President of Commercial Real Estate Research.
“Following 2014, we will see volumes spike – by 72 percent in
2015 and an additional 34 percent in 2016, as ten-year loans made in 2005, 2006
and 2007 begin to come due.”
Q4 Commercial and Multifamily Mortgage Originations Highest
Since 2007
ORLANDO, FL — Commercial and multifamily mortgage
originations increased 34 percent between the third and the fourth quarters of
2013, and were up 16 percent compared to the fourth quarter of 2012, according
to the Mortgage Bankers Association’s (MBA) Quarterly Survey of
Commercial/Multifamily Mortgage Bankers’ Originations.
MBA’s commercial/multifamily mortgage bankers’ originations
index shows originations for the full year 2013 were 15 percent higher than in
2012.
MBA Releases 2013 Year-End Commercial/Multifamily Servicer
Rankings
ORLANDO, FL – The
Mortgage Bankers Association (MBA) released its year-end ranking of commercial
and multifamily mortgage servicers’ volumes as of December 31, 2013.
At the top of the list of firms is Wells Fargo with
$434.4 billion in U.S. master and primary servicing, followed by PNC Real
Estate/Midland Loan Services with $369.6 billion, Berkadia Commercial Mortgage
LLC with $235.4 billion, KeyBank National Association with $169.7 billion, and
GEMSA Loan Services, L.P. with $95.6 billion.
For a complete copy of the company’s news releases, please
contact:
Shawn Ryan
(202) 557-2727
