The third quarter Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations shows multifamily and commercial mortgage originations have dropped by 7 percent versus the third quarter of 2011. The survey also shows origination volume to be 17 percent lower than the second quarter of 2012, but 15 percent higher year to date on a year over year basis.
"Commercial and multifamily mortgage borrowing slowed in the third quarter," said Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research. "Even though low interest rates continue to make borrowing extremely attractive, a moderate pace of commercial property sales transactions and a continued drop in the volume of commercial mortgages maturing limited the overall amount of commercial mortgage loans originated."
Read more...Multifamily and Commercial Mortgage Originations Drop 7 Percent in the Third Quarter of 2012 - Multifamily News Headlines – Breaking News, Stories, Top Headlines :: MultifamilyBiz.com
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.