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Thursday, 13 February 2020

Commercial Mortgage Originations Grew 15 Percent to Record Level in 4Q

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Commercial Real Estate Direct Staff Report

Commercial mortgage origination volumes hit record levels in last year's fourth quarter, increasing by 15 percent from the third quarter, according to an index maintained by the Mortgage Bankers Association.

The Washington, D.C., trade group conducts a survey of its lender members every quarter to gauge overall origination activity and uses that to build an index that was set to 100 in 2001. It hit 365 in the fourth quarter, up 7 percent from the 342 posted in the same quarter a year ago and up 15 percent from the third quarter's 316. Preliminary data indicate that full-year originations were up 13 percent from 2018.

Continued low interest rates and solid property fundamentals remain the driving forces behind the continued surge in lending. The bulk of the increased lending during last year's final quarter was driven by CMBS lenders, whose activity ballooned by a whopping 56 percent from the third quarter, to a cyclical high index...





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“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“

Additional Info

  • Syndicate to Realpoint: No
  • Subject: Mortgages/Financing (MOR), Research (RES)
  • Company: Mortgage Bankers Association of America
  • Private: Yes
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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