Commercial and multifamily mortgage originations rose 10% during the third quarter and were 98% higher than during the same period last year, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
During the third quarter, mortgage originations on retail properties saw a 37% increase, while office properties increased by 8% and hotel properties were up by 4%. However, originations on healthcare properties decreased by 30%, while industrial properties decreased 14% and multifamily properties were down by 2%
Among investor types, loans for commercial bank portfolios increased in volume by 55%. Loans for government-sponsored enterprises rose by 32%, and originations for life insurance companies increased 3%. On the down side, loans for conduits for commercial mortgage-backed securities decreased by 48%.
