Hello dedicated readers, industry insiders and commercial real estate junkies.
We are reaching out from the Mortgage Bankers Association‘s 2014 CREF/Multifamily Housing Convention & Expo in Orlando, Fla.
The four-day event kicked off last night at the Hyatt Regency Orlando hotel with several panels on the tumultuous FHA landscape and a lively Super Bowl party to cap off the night. (The Seattle Seahawks won their first Super Bowl title, defeating the Denver Broncos 43-8, for those who missed it.)
Commercial and multifamily mortgage originations hit their highest levels since 2007 in the fourth quarter 2012, and are expected to increase up to $254 billion in 2013, according to research by the Mortgage Bankers Association released on Monday at its annual CREF/Multifamily Housing Convention & Expo in San Diego. In the fourth quarter 2012 originations were up 49 percent from the quarter previous. They were also up 49 percent from the same quarter in 2011. Overall, originations for the full year of 2012 increased 24 percent compared to 2011.