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 Mortgage Production Tumbles

Q1 originations down 52% from Q4

June 3, 2008

By MortgageDaily.com staff


Led by a massive decline in securitizations, quarterly commercial mortgage originations tumbled. But government-sponsored enterprise activity was up on an annual basis.

First-quarter commercial production was down 52 percent from the fourth quarter, the Mortgage Bankers Association announced today in its Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The decline was exacerbated by the "usual" fourth-quarter push to finalize yearend deals, though the impact of the credit crunch was also substantial.

Commercial mortgage business fell 53 percent from a year earlier, the report said.

A spokesman for the trade group said it doesn't report quarterly dollar amounts, but for all of 2007, MBA reported record commercial originations of $508 billion.

The average loan size in the first quarter was $12.3 million, down from $16.0 million the prior quarter and $13.8 million the previous year.

Hotel mortgage production was off 90 percent from the fourth quarter, when there were large portfolio sales, and down 60 percent from the first quarter 2007, MBA said. Multifamily originations fell 40 percent on a linked-quarter basis and were down 27 percent from the first quarter of last year

Retail property fundings decreased 31 percent from the prior quarter and 53 percent from the prior year. Office property loan volume during the first quarter was down 21 percent from the prior period and three-quarters lower than the first quarter of 2007.

Financing of industrial properties declined 18 percent from the fourth quarter and 37 percent from the previous year, while health care fundings were off just over one-quarter from the prior period and 15 percent from the prior year, according to the announcement.

Among commercial mortgage investors, originations for commercial mortgage-backed securities during the latest period sank 95 percent from the fourth quarter and 96 percent from a year prior, the data indicated.

Commercial bank originations dropped 56 percent from the fourth quarter and were down 28 percent over the past 12 months

First-quarter life insurance originations were down 27 percent from the prior period and off one-quarter from the prior year

While commercial production at Fannie Mae and Freddie Mac edged down 5 percent from the fourth quarter, the secondary lenders saw a combined increase of 62 percent from 12 months earlier.

GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.


Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.



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