Mortgage bankers originated $110 billion of commercial and multifamily mortgages during 2010 — an increase of 36% from 2009, according to preliminary estimates based on the Mortgage Bankers Association’s quarterly survey of commercial-multifamily mortgage bankers originations.

Life insurance companies were a leading source of lending in 2010, with origination volumes 155% higher than 2009 levels. 

Fannie Mae, Freddie Mac and FHA-Ginnie Mae also saw strong volumes, with increases in production for FHA-Ginnie Mae offsetting a decline in production for Fannie and Freddie. 

Originations for commercial banks saw a year-over-year decline, while originations for CMBS conduits increased more than 10-fold.

 “Commercial and multifamily mortgage originations jumped 63% in the fourth quarter, pulling the annual total for 2010 up to a preliminary estimate of $110 billion,” said Jamie Woodwell, the MBA’s vice president of commercial real estate research. 

“Life companies and FHA led the increase in dollar volumes, but a large percentage increase in originations for CMBS is likely the most symbolic change from last year,” Woodwell said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.