Wells Fargo, Wachovia, PNC / Midland and Berkadia Lead national rankings of commercial apartment buildings Servicing Volumes

Alex Ferreras on 7 February 2011
in Commercial Loans
San Diego, CA (source: MBA) - The Mortgage Bankers Association published (MBA) today announced its year-end ranking of commercial and multi-family houses mortgage provider to the end of the 31 December 2010. On top of the list of companies is Wells Fargo with $ 451,100,000,000 in U.S. master and primary care by PNC Real Estate / Midland Loan Services with 337.4 billion U.S. dollars, Berkadia commercial mortgage with 194.9 billion U.S. dollars, Bank of America Merrill Lynch 126 600 $ 000,000, and; include KeyBank Real Estate Capital with $ 118.9 billion.Specific outbreaks in the report:
• The entire U.S. Master and Primary Servicing Volume
• U.S. Commercial Mortgage-Backed Securities (CMBS), collateralized debt obligations (CDOs) and other asset-backed securities (ABS) and Master Primary Servicing Volume
• U.S. commercial banks and savings institution Band
• U.S. Credit Company, Pension Funds, REITs and investment funds band
• Fannie Mae and Freddie Mac Servicing Volume
• Federal Housing Administration (FHA) Servicing Volume
• U.S. Life Company Servicing Volume
• U.S. Warehouse Volume
• U.S. Other Investor Volume
• U.S. CMBS Named Special Servicing Volume
• Total non-U.S. Master and Primary Servicing Volume
A primary servicer is generally responsible for collecting loan payments from borrowers, performing property inspections and other real estate activities. A master servicer is generally responsible for collecting cash and data from primary care and then providing that cash and data, through trustees, to investors. Unless otherwise noted, this MBA tables to combine the various roles do not count as double credit, for which a single servicer assumes multiple roles.
Wells Fargo, PNC / Midland, Berkadia, Bank of America Merrill Lynch and KeyBank are the greatest champion and primary provider of commercial / multi-family housing loans in U.S. CMBS, CDO and other ABS, PNC / Midland, GEMSA Loan Services, Prudential Asset Resources, Northwestern Mutual and Northmarq Capital are the largest provider of life insurance companies, PNC / Midland, Wells Fargo, Berkadia, German Bank Commercial Real Estate and Prudential Asset Resources are the largest Fannie Mae / Freddie Mac servicers.
PNC / Midland is considered the top master and primary servicer of commercial bank and savings bank loans; GEMSA top credit companies, pension funds, REITs and investment funds servicer, PNC / Midland top FHA and Ginnie Mae servicer, Wells Fargo top mortgage in warehouses Berkadia above and to other investors type loans.
MBA also asked firms to provide information about CMBS loans on which they are the named special servicer "- that is, if the company is willing to develop the loan should special problems such as delinquency service. The leading suppliers were called special LNR Partners, Inc., CWCapital CWCapital LLC & Asset Management, C-III Asset Management LLC, PNC / Midland, and Berkadia.
The MBA survey also maintenance volumes for loans on commercial terms / multi-family houses outside of the United States collected. Hatfield Philips International, a LNR Property Company, is considered the greatest master and primary servicer of non-US commercial / multifamily mortgage houses, the Deutsche Bank, PNC / Midland, GEMSA and Manulife Financial / John Hancock followed.