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| Jamie Woodwell |
SAN DIEGO, CA —
Commercial and multifamily mortgage originations increased 27 percent between
the third and the fourth quarters of 2014, and were up eleven percent compared
to the fourth quarter of 2013, according to the Mortgage Bankers Association’s
(MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
MBA’s commercial/multifamily mortgage bankers’ originations
index provides a preliminary estimate that originations for the full year 2014
were seven percent higher than in 2013.
“Commercial and multifamily mortgage markets ended the year
strong,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate
Research.
“The fourth quarter
set record quarterly origination volumes for life insurance companies, for
Fannie Mae and Freddie Mac and for multifamily lending.
“With low interest rates, rising property values and
improving property fundamentals – and in spite of a significant drop in the
volume of loans maturing during the year – the preliminary numbers show every
major investor group increased commercial and multifamily lending in 2014.”
For a complete
copy of the company’s news release, please contact:
Rob Van Raaphorst
(202) 557-2799
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