Third Quarter Commercial/Multifamily Mortgage Originations Down 7 Percent from Q3 2011

Jamie Woodwell

 Washington, DC (Nov. 13, 2012)– Commercial and multifamily mortgage origination volumes during the third quarter of 2012 were seven percent lower than during the third quarter 2011, 17 percent lower than during the second quarter of 2012 and up 15 percent year-to-date from last year’s year-to-date levels, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

 “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.”

 To view the report, please visit the following Web link:

http://www.mortgagebankers.org/files/Research/CommercialOriginations/3Q12CMFOriginationsSurvey.pdf.

For a complete copy of the company’s news release, please contact:

Matt Robinson

mrobinson@mortgagebankers.org

202-557-2727.