| Title: | MBA: Bank of America and Wells Fargo Were Top U.S. Commercial/Multifamily Originators in 2008 |
| Source: | MBA |
| Date: | 4/21/2009 |
Washington, DC (April 21, 2009) - Bank of America and Wells Fargo were the top commercial/multifamily originators in 2008, according to a set of listings
released today by the Mortgage Bankers Association (MBA). Other originators in the top 10 include PNC Real Estate; Holliday
Fenoglio Fowler, L.P.; Wachovia; GE Real Estate; Capmark Financial Group Inc.; CBRE | Melody; Deutsche Bank Commercial Real
Estate; and KeyBank Real Estate Capital.
Eight different companies topped the 11 lists reporting originations by investor groups:
• Capmark Financial Group as the top originator for Freddie Mac, FHA/Ginnie Mae, and specialty finance;
• Bank of America for commercial banks/savings institutions and conduits;
• MetLife Real Estate Investments for life insurance companies;
• PNC Real Estate for Fannie Mae;
• KeyBank Real Estate Capital for REITS, mortgage REITS, investment funds;
• TIAA-CREF for pension funds;
• GE Real Estate for credit companies; and
• Wells Fargo for other investors.
By dollar volume, the top five intermediaries in 2008 were Holliday Fenoglio Fowler, L.P., CBRE | Melody, Wells Fargo, NorthMarq
Capital, and PNC Real Estate. The top five lenders were Bank of America, Wells Fargo, Wachovia, PNC Real Estate, and GE Real
Estate.
The MBA study is the only one of its kind to present a comprehensive set of listings of commercial/multifamily mortgage originators
and the different roles they play. The MBA report, Commercial Real Estate/Multifamily Finance Firms - Annual Origination Volumes,
presents origination volumes in more than 140 categories, including by role, by investor group, by property type, by financing
structure type, and by the location of the originating office.
For a copy of the report please visit MBA's Online Store at
http://store.mortgagebankers.org/ProductDetail.aspx?product_code=EC6-300017-RP-I
If you are a member of the media and would like a copy of the report please contact Carolyn Kemp at ckemp@mortgagebankers.org
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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 2,200 companies includes all elements of real estate finance: mortgage companies,
mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending
field. For additional information, visit MBA's Web site: www.mortgagebankers.org.