commercial real estate trends: Mortgage Bankers’ Commercial/Multifamily Originations up 44%
- 04/29/11 03:56 AM
Commercial and multifamily mortgage origination volumes increased 44 percent in 2010 over the previous year, with mortgage bankers reporting $118.8 billion of closed commercial and multifamily loans, according to the Mortgage Bankers Association's 2010 Commercial Real Estate/Multifamily Finance: Annual Origination Volume Summation. "Coming off of the 2009 lows, commercial and multifamily originations increased by a strong 44 percent in 2010," says Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research. "Low interest rates coupled with improving economic fundamentals have the potential to draw out even more borrowers in 2011." Fannie Mae, Freddie Mac and FHA, collectively, were the largest investor … (1 comments)
Commercial and multifamily mortgage origination volumes increased 44 percent in 2010 over the previous year, with mortgage bankers reporting $118.8 billion of closed commercial and multifamily loans, according to the Mortgage Bankers Association's 2010 Commercial Real Estate/Multifamily Finance: Annual Origination Volume Summation.
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