Finance Midwest

MBA: Commercial and multi-family mortgage originations to hit $254 billion in 2013

In its second annual forecast of the commercial/multi-family real estate finance markets, the Mortgage Bankers Association (MBA) projects originations of commercial and multi-family mortgages will grow to $254 billion in 2013, an increase of 11 percent from 2012 volumes, and continue to rise to $289 billion in 2015. Originations of multi-family mortgages are forecast at $100 billion in 2013.

Finance V Michigan
Commercial real estate debt and the next fiscal cliff?

Commercial real estate debt and the next fiscal cliff?

While a majority of America is keenly aware of the housing bubble, and at least somewhat familiar with the unraveling of the European markets, little energy is being focused on what may very well be the nation’s next looming fiscal crisis: the large volume of commercial real estate debt maturing during the next seven years.

Finance N Illinois
David Durning: The

David Durning: The "secret" formula of hard work

David Durning has a big job: As senior managing director in the Chicago office of Prudential Mortgage Capital Company, Durning oversees loan production not just in the Midwest but across the entire country and across all of his company's capital sources. Durning also oversees the company's full range of multi-family lending operations, operations that include Fannie Mae DUS, Freddie Mac and FHA lending and affordable housing.