Written by NREI Staff [February 9, 2011 NREIonline.com]
Article submitted by Saurage Rotenberg Commercial Real Estate
Mortgage bankers originated $110 billion of commercial and multifamily mortgages during 2010, a 36% increase over 2009 levels, according to the Mortgage Bankers Association. The results are based on preliminary estimates from the MBA’s quarterly survey of commercial/multifamily mortgage banking originators.
Conduit lending activity soared 6,100% from the fourth quarter of 2009 to the fourth quarter of 2010. The average deal size for conduit loans — loans originated to be securitized — climbed from $12.4 million to $69.6 million.
As much as anything, the “wild” increase of 6,100% in securitized lending shows how inactive the commercial mortgage-backed securities (CMBS) market was in 2009, says Jamie Woodwell, MBA’s vice president of commercial real estate research.
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