The Mortgage Bankers Association (MBA) is predicting that originations of commercial and multifamily mortgages will grow to $254 billion in 2013, an increase of 11% from 2012 volumes, and will continue to rise to $289 billion in 2015. The MBA also forecasts that originations of multifamily mortgages will reach $100 billion this year.
Futhermore, the MBA forecasts that commercial and multifamily mortgage debt outstanding will reach above $2.4 trillion by Dec. 31, more than 2% higher than at the end of 2012. The MBA forecasts that mortgage debt outstanding will exceed $2.5 trillion by the end of 2015
‘2012 was a strong year for the commercial and multifamily mortgage markets, and 2013 is shaping up to continue the growth,’ says Jamie Woodwell, MBA's vice president of commercial real estate research. ‘Despite a 21 percent decline in the volume of commercial and multifamily mortgages maturing this year, we expect origination volumes and the amount of mortgage debt outstanding will both increase. Our forecast anticipates Fannie Mae, Freddie Mac and the Federal Housing Administration, as well as life insurance companies, will all continue to have strong appetites for making loans, and – coupled with growth in originations for commercial mortgage-backed securities – the total market will continue to expand.’