Commercial and multifamily mortgage origination volumes during the third quarter of 2013 were 29 percent higher than during the third quarter of 2012 and originations were essentially flat compared to second quarter of 2013, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
“Commercial and multifamily real estate borrowing and lending continued at a moderate clip in the third quarter,” said Jamie Woodwell, MBA’s vice president of Commercial Real Estate Research. “Mortgage origination volumes were essentially flat from the second quarter, but were up 29 percent from last year’s third quarter and are up 14 percent year-to-date. Lending by life insurance companies remained near last quarter’s record pace, while lending for the GSEs dropped by more than a third.”
Read more..Q3 Commercial/Multifamily Origination Volume Rises Nearly 30 Percent Annually | Mortgage News | Daily National and State Headlines