Q3 2014 Mortgage Loan Originations

Commercial real estate borrowing and lending continued at a strong clip in the third quarter. Commercial and multifamily mortgage loan originations were 16 percent higher than in the same period last year, and 18 percent higher than the second quarter of 2014. Low rates coupled with growth in property incomes, property values and sales transactions have pushed year-to-date commercial and multifamily mortgage originations five percent above last year’s pace.

According to the MBA third quarter 2014 Quarterly Index of Commercial/Multifamily Mortgage Bankers Originations:

• Originations are 16% higher than in Q3 2013 and 18% higher than Q2 2014.

• Year-to-date, originations are 5% higher than year-to-date 2013.
• Year-to-date 2014 versus year-to-date 2013, loans for CMBS increased 28%, loans for commercial bank portfolios increased in 14%, originations for GSEs increased 3% and loans for life insurance companies decreased 1%.