October 27, 2016
In Case You Missed It: A Look at Recent National Housing Policy News
"Multifamily mortgage borrowing and lending set a new record in 2015," said MBA Vice President of Commercial Real Estate Research Jamie Woodwell. "Demand for mortgages was driven by strong property fundamentals, increasing property values, a robust transaction market and low interest rates." Woodwell noted that the sector's mortgage capital came from record lending by banks, Fannie Mae, Freddie Mac and life insurance companies. "As we look at 2016 and 2017, those factors appear to remain in place," he said. Multifamily mortgages originated in 2015 went to a variety of investors, Woodwell said. By dollar volume, the greatest share--35 percent--went into commercial bank, thrift and credit union portfolios. MBA reported 63 percent of active lenders made five or fewer multifamily loans during the year.
In anticipation of the 2016 survey release on Oct. 31, NAR identified five noteworthy real estate trends since the survey’s inception.