Blog Posts
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Chart of the Week: Total Assets and CRE Loans held by FDIC-Insured InstitutionsMany Federal Reserve data series for CRE include not just loans backed by income-producing CRE (think apartments, office, retail, industrial, and other properties for which owners charge rents for people’s or firm’s use of the space), but also construction and development loans (which includes a large share of loans backing construction of single-family and for-sale homes), loans backed by farmland, and loans collateralized by owner-occupied properties (which are generally C&I loans with the extra protection of real estate but no reliance on rents, leases, and the like). In most MBA data, we try to strip out these other categories to focus on income producing CRE, which is what we think most market participants generally mean when talking about the CRE market.
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Chart of the Week: Estimated Total Commercial Mortgage MaturitiesAt MBA’s CREF Convention in San Diego last month, we released the results of our annual survey of upcoming commercial and multifamily mortgage maturities. The survey collects information directly from loan servicers on when the loans they service mature. As in past years, the numbers we released covered loans held by non-bank lenders—including those guaranteed by Fannie Mae, Freddie Mac, and FHA, as well as those held by life companies, included in commercial mortgage-backed securities (CMBS), made by investor-driven lenders like debt-funds, mortgage REITs, and other credit companies. While the information we collect covers essentially all the loans in those groups, it has typically covered only a sample of loans held by banks. This year’s survey, however, collected information on $400 billion of bank-held commercial and multifamily mortgages—23 percent of the outstanding universe. Using this year’s survey results, for the first time we are expanding our loan maturity analysis to include an estimate of the maturity profile of all commercial and multifamily mortgages—including the more than $1.7 trillion on bank balance sheets.