National Mortgage News (06/02/08) Vol. 32, No. 35, P. 9; Comtois, James
The Mortgage Bankers Association's 2007 Commercial Real Estate/Multifamily Finance: Annual Origination Volume Summation shows that commercial/multifamily originations increased 19 percent last year. In total, mortgage bankers closed a record $507.7 billion in commercial/multifamily loans in 2007, with increases seen across most investor groups and most property segments. Jamie Woodwell, MBA's senior director of commercial/multifamily research, comments, "The 2007 numbers show both the importance of the [commercial mortgage-backed securities] market to commercial real estate finance and the depth of other funding sources, such as banks and thrifts, life companies, Fannie Mae, Freddie Mac and others." Lending for office properties ranked tops in property type originations last year, followed not far behind by multifamily housing.
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