WASHINGTON, D.C. (Nov. 4, 2010) - Third quarter 2010 commercial and multifamily mortgage loan originations were 32 percent higher than during the same period last year and 15 percent higher than during the second quarter, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
"Commercial and multifamily mortgage lending continued to pick up during the third quarter," said Jamie Woodwell (top right photo), MBA's Vice President of Commercial Real Estate Research.
"Today's low interest rates make for a very attractive borrowing environment. However relatively low levels of loan maturities and a slow, albeit rising, sales market continued to dampen overall commercial mortgage demand."
Origination volumes for life companies and Fannie Mae and Freddie Mac were relatively strong during the third quarter; originations for CMBS remained very low in absolute terms but picked up considerably on a percentage basis; and commercial mortgage borrowing at commercial banks fell on both a quarter-over-quarter and year-over-year basis.
For a complete copy of the company's news release, please contact Melissa Key, (202) 557-2799, mkey@mortgagebankers.org
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