twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to 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

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

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

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

Press Releases
Reports and announcements from

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.

Hotels, Industrial Properties Pull Down CRE Originations

Q1 production down 36%

April 30, 2013

By Mortgage Daily staff

Commercial real estate loan originations tumbled on a quarter-over-quarter basis thanks to plunging production on hotel and industrial loans. Agency apartment loans also took a big hit.

Commercial mortgage production by all lenders tumbled 36 percent between the fourth-quarter 2012 and the first quarter of this year.

Compared to the first quarter of last year, however, U.S. lenders have raised CRE originations by 9 percent.

The numbers were reported Tuesday by the Mortgage Bankers Association in its Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

Using previously reported origination data from MBA and the latest index levels, first-quarter 2013 CRE originations worked out to around $50.8 billion, falling from $79.3 billion in the final three months of last year.

A year earlier, commercial mortgage production was around $46.7 billion.

Originations for commercial mortgage-backed securities and conduits dropped 38 percent from the fourth quarter but were 170 percent higher than the first-quarter 2012.

Commercial bank CRE originations were 29 percent lower than the previous period but 8 percent better than the year-earlier period.

At life insurance companies, originations fell by nearly a third from the fourth quarter and were 21 percent lower than the first quarter of last year.

Multifamily originators generated 40 percent less volume for Fannie Mae and Freddie Mac -- though Fannie and Freddie originations were up 36 percent from a year earlier,

Overall multifamily production was down almost a third from the fourth quarter but up 30 percent from the first-quarter 2012.

The origination of office property loans sank 45 percent from three months prior and was off 6 percent from a year prior.

Loans secured by retail properties saw a 17 percent quarter-over-quarter decline in production and a 25 percent year-over-year decline.

Industrial property loan originations were down nearly two thirds over the prior three months but inched up 2 percent over the past 12 months.

A 69 percent decline from the final three months of last year was recorded for hotel loans. But hotel activity has risen 35 percent over the past year.

Loans secured by health care properties had a 45 percent decline from the previous quarter and a 15 percent decline from the same quarter in the previous year.

next story

back to current headlines

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

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.

Bank news

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