MBA Forecasts 7 Percent Rise in Commercial/Multifamily Mortgage Bankers Originations in 2015; Mortgage Debt Outstanding to Rise to $2.7 Trillion
SAN DIEGO, CA (February 2, 2015) - The Mortgage Bankers Association (MBA) projects originations of commercial and multifamily mortgages will grow to $414 billion in 2015, an increase of 7 percent from 2014 volumes, and continue to rise to $430 billion in 2016. Multifamily mortgages originated by mortgage bankers are forecast to be $152 billion in 2015.
"Commercial and multifamily real estate finance markets are strong," said Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research. "Rising property values, improving property fundamentals, low interest rates and higher loan maturity volumes should all help boost mortgage borrowing and lending in the coming year."
Commercial/multifamily mortgage debt outstanding is expected to continue to grow in 2015, ending the year at $2.7 trillion, more than three percent higher than at the end of 2014. MBA released its forecast of the commercial/multifamily real estate finance markets today at MBA's Commercial Real Estate Finance (CREF)/Multifamily Housing Convention & Expo 2015.
MBA's commercial/multifamily regular members and premium and select associate members can download a copy of MBA's Commercial/Multifamily Real Estate Finance Forecast at: www.mba.org/research.