MBA forecasts slight decline for commercial/multifamily originations in 2018


The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will decline slightly in 2018, ending the year at $519 billion, down two percent from the 2017 volumes. MBA expects volumes to remain at roughly that level in 2019 as well. MBA forecasts mortgage banker originations of just multifamily mortgages at $231 billion in 2018, with total multifamily lending at $257 billion. After strong growth in recent years, multifamily lending is expected to hold roughly steady in 2019.

“Last year was a record for commercial and multifamily borrowing and lending,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “Lending terms remain extremely attractive, and we expect another strong year in 2018, although perhaps not quite as strong as 2017.”

Commercial/multifamily mortgage debt outstanding is expected to continue to grow in 2018, ending the year seven percent higher than at the end of 2017.

About The Mortgage Bankers Association (MBA)

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,300 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, REITs, Wall Street conduits, life insurance companies and others in the mortgage lending field.