Washington, DC (May 15, 2012)– First quarter 2012 commercial and multifamily mortgage loan originations were 36 percent higher than during the same period last year and 12 percent lower than the fourth quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
The decrease from fourth quarter 2011 reflects the industry’s usual push to finalize deals before the end of the year, and subsequent drop-offs in first quarter numbers. “Borrowing and lending on commercial and multifamily properties continues to rebound from the lows seen during the Great Recession,” said Jamie Woodwell (top right photo), MBA’s Vice President of Commercial Real Estate Research.
“The low interest rates and stabilization in commercial real estate fundamentals that raised origination levels by 55 percent in 2011 are continuing to buoy activity in 2012.“
For a complete copy of the company’s news release, please contact:
CONTACT:
Matt Robinson
(202) 557-2727
Mortgage Bankers Association
1717 Rhode Island Avenue, NW
Washington, DC 20036
(800) 793-6222
No comments:
Post a Comment