twitter linkedin
facebook google+

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.

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

Mortgage News


Mortgage News

HOT Topics









site map

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

Commercial Production Soars

2nd quarter volume up 26% from Q1

Sept. 27, 2007


Quarterly commercial mortgage originations jumped.

U.S. commercial production jumped 26 percent from the first quarter to the second quarter, the Mortgage Bankers Association announced today. Volume was 40 percent better than a year earlier and the highest of all quarters since the beginning of 2001.

MBA noted a number of large deals contributed to the increase -- pushing the average loan size to $15.6 million from $13.8 million the prior period and $11.1 billion the previous year.

While the increase was seen across most property types, growth in hotel financing was exceptionally strong at 285 percent greater than the first quarter and 330 percent higher than the second quarter 2006. But health care facilities financed dropped 14 percent from the previous year and industrial financing was off 7 percent.

When compared to the first quarter 2007, only office and health care originations fell.

"The strong second quarter included heavy volume driven by real estate investment trust privatizations and continues a trend of second-quarter-over-second-quarter increases going back to the beginning of MBA's survey in 2001," MBA said.

Commercial mortgage-backed securities issuance was $76 billion during the second quarter, up from $61 billion in the first quarter and $42 billion a year earlier.

Commercial mortgage debt outstanding exceeded $3.1 trillion on June 30, MBA said. Commercial bankers held 43 percent of the outstanding, while 23 percent was held in mortgage securities and 9 percent by life insurance companies.

The biggest commercial mortgage servicers were Wachovia Securities, with a servicing portfolio of 29,304 loans for $357 billion; Capmark Finance, with 37,991 loans for $252 billion; Midland Loan Services with 24,845 mortgages totaling $246 billion; Wells Fargo with 18,701 units for $153 billion; and KeyBank Real Estate Capital with 13,484 loans for $133 billion, according to the report.

The trade group forecast 2007 residential originations of $2.3 trillion, with production falling to an estimated $2.0 trillion next year.

Sam Garcia worked in mortgage lending for twenty years prior to becoming publisher of MortgageDaily.com.

e-mail: [email protected]

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.

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Mortgage Backed Securities | MBS News | MBS Statistics
News about commercial and residential mortgage-backed securities. Stories about ratings actions and changes to servicer ratings. Studies and reports about the performance of securitizations and problem vintages and classes. Subprime, Alt-A, home equity and j u m b o analysis.

Logout forgot

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


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