Driven by the government-sponsored enterprises, multifamily lending rose last year, as did office loan originations. But issuance of commercial mortgage-backed securities tumbled.
In the fourth-quarter 2016, commercial mortgage originations came to approximately $153 billion, accelerating from around $128 billion in the previous three-month period.
Commercial real estate loan production, however, descended compared to the fourth quarter of 2015, when CRE lenders made a total of $164 billion in new mortgages.
Source: Mortgage Daily