BofA, Wells Fargo Tops in 2008 Commercial Mortgage Originations
Apr 23, 2009 - CRE News
Bank of America and Wells Fargo were by far the most active lenders of commercial mortgages last year, writing a combined $69.1 billion of loans.
The volume each lender originated is more than double that of any other lender surveyed by the Mortgage Bankers Association. But their individual volumes fell by 46 percent and 56 percent, respectively.
That's no surprise. The top-10 lenders saw their volume drop to $140.8 billion last year from $407.6 billion in 2007, when the Washington trade group had surveyed 124 lenders.
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