Private Sector took Multi-family Market Share from GSEs, FHA

by devteam April 11th, 2012 | Share

Multi-family mortgages led commercial loan originations in 2011, accounting for $77.4 billion of the $184.3 billion closed commercial and multi-family mortgage transactions during the year.  The Mortgage Bankers Association released this information Wednesday as part of its Annual Origination Volume Summation.</p

The two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac along with FHA collectively accounted for $57.6 billion of the multi-family total with Freddie and Fannie taking a 57 percent share of the volume compared to 63 percent in 2010 and 85 percent in 2009.  Each of the three hit all time lows in multi-family volume as other investors picked up the pace in such lending.   Life insurance companies and pension funds were second in multi-family originations with $49.3 billion in closed transactions. </p

Loans for office properties had the second highest volume at $34.4 billion in originations.  Lending for retail properties saw the largest percentage increase among the major property types followed by multi-family and industrial properties. </p

“Commercial mortgage lending continues to rebound from its 2009 lows,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.  “Originations for life companies, Fannie Mae, Freddie Mac and FHA were all strong, and banks, commercial mortgage-backed securities (CMBS) issuers and others also saw strong growth.  With interest rates still low and stability returning to real estate fundamentals, the rebound is expected to continue in 2012.”

All Content Copyright © 2003 – 2009 Brown House Media, Inc. All Rights Reserved.nReproduction in any form without permission of is prohibited.

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs


Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...