Loans tied to commercial real estate are performing quite well with originations in the commercial/multifamily segment up 25% in the second quarter from last year, the Mortgage Bankers Association said Thursday.
Originations also grew 39% from the first quarter.
The segment is doing well enough for Freddie Mac to offer its first structured pass-through certificates backed by LIBOR-based, floating rate multifamily loans with five- and seven-year terms.
Read more...HousingWire | MBA: Multifamily and commercial originations jump 25% in 2Q
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