home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.


Commercial Originations Falling

Multifamily takes biggest hit according to MBA survey

December 3, 2002

By MortgageDaily.com staff


Mortgage originations for multifamily and commercial properties dropped during the third quarter, according to a survey by the Mortgage Bankers Association of America (MBA).

The quarterly survey of mortgage bankers revealed a 12.4% monetary decrease in mortgages on income-producing properties since the second quarter, and a 6% decrease since third quarter 2001. The bankers, who are also MBA members, also reported year-to-date (YTD) mortgage volumes taking a 1.2% dip from the same time last year.

"Our members are reporting no shortage of money available to lend, but a shortage of credit-worthy deals," said Stacey Berger, chairman of MBA's Commercial Real Estate Research Committee. "Thus, despite very low variable- and fixed-rate mortgages, lending volume has been a little soft."

The survey respondents reported originating a total of $17.8 billion in mortgages on income-producing properties during the third quarter. That's compared with $20.4 billion in the second quarter and $18.7 billion in third quarter 2001.

The biggest decline came in multifamily lending -- $8.2 billion during the third quarter, compared with $10.5 billion in the second quarter and $10.1 billion in third quarter 2001. That category generated more loans than any other property type during the quarter, but its year-to-year 19.2% decline was the steepest drop.

However, part of the drop was attributable to a single, very large multiproperty transaction that took place during the third quarter of last year, the survey said.

Lending for office buildings came in at $3.66 billion, a 6.6% decline from the second quarter and an almost 15% drop from the third quarter 2001.

Retail property lending during the third quarter totaled $2.7 billion. That's a 2.7% decrease from the second quarter, but an almost 50% jump from the $1.9 billion of the third quarter 2001.

The largest increase came from health care properties. That type of lending totaled $0.5 billion, an 83.4% jump from second quarter's $0.3 billion and a 69% increase from last year, according to the survey.

Other property types included industrial, which decreased 7% since the second quarter; hotel/motel, which declined 15.4% since the second quarter and 34.1% since third quarter 2001; and the catch-all "other," which saw a 5.9% decline since second quarter.



SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders