Mortgage Bankers Association: Strong Upticks In Most Commercial Sectors

U.S. Subprime lending expanded dramatically 20...
Different banking numbers; today’s are sunnier.

Our pinstriped friends over at the Mortgage Bankers Association released the 2Q 2012 Commercial/Multifamily Survey today, and announced a series of positive findings.

In second quarter 2012, MBA’s survey found:

  • Commercial plus multifamily lending was 25% higher  compared to the second quarter of 2011.
  • Commercial plus multifamily lending was 39% higher compared to the first quarter of 2012.
  • Dollar volume of loans for commercial bank portfolios went up over 58% from the second quarter of 2011.
  • A 50% rise in loan volumes for Government Sponsored Enterprises (i.e., Fannie Mae and Freddie Mac).

Additionally, loan dollar volume went up in 2Q 2012 for loans backing:

  • 56% – retail properties;
  • 22% – hotel properties;
  • 19% – multifamily apartment buildings; and
  • 15% – office buildings.

Report: Office loan originations up sharply at +66%

According to MBA’s numbers for loan originations nationaiwde for 2Q 2012, there was a 66% increase for office properties as well as a 47% percent increase for  industrial properties, a 33% percent increase for healthcare properties, a 29% percent  increase for retail properties and a 21%  percent increase for multifamily properties.

The good commercial RE news found its way around the pinstripe-prone community this morning, with coverage at leading the way.

About The MBA

Headquartered in Washington, the Mortgage Bankers Association works to help their members conduct business of single and multifamily mortgage finance by promoting fair and ethical lending practices, fostering professional excellence through educational programs and publications, providing news and information, and holding conferences.

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