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MBA Releases 2021 Commercial/Multifamily Servicer Rankings

During the 2022 Commercial/Multifamily Finance Convention and Expo on Sunday in San Diego, the Mortgage Bankers Association (MBA) released its year-end ranking of commercial and multifamily mortgage servicers' volumes as of Dec. 31, 2021. Topping the list of firms is Wells Fargo Bank, N.A., with $735 billion in master and primary servicing, followed by PNC Real Estate/Midland Loan Services at $693 billion; KeyBank National Association ($399 billion); Berkadia Commercial Mortgage LLC ($337 billion), and CBRE Loan Services ($327 billion).     Other highlights include:  ....

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Funding For Multifamily Affordable Housing Reaches Its Highest Volume In 2021

The multifamily market grew tremendously over the past year, thanks to $70 billion in financing from Fannie Mae. The funding of multifamily affordable housing rose more than 23% in 2021 to the highest volume in the history of its 33-year-old Delegated Underwriting and Servicing program. 

Fannie Mae was a consistent source of liquidity for multifamily borrowers and support for renters in need as the economy and countless lives suffered disruptions from the pandemic.  ....

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