Washington, DC (Aug. 4, 2011) - Second quarter 2011 commercial and multifamily mortgage loan originations were 107 percent higher than during the same period last year and 52 percent higher than the revised figures for the first quarter of 2011, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. "Commercial/multifamily mortgage borrowing and lending continues to rise from the depths of 2009 and 2010," said Jamie Woodwell (top right photo), MBA's Vice President of Commercial Real Estate Research.
"Greater stability in property fundamentals and prices, and an improving sales market, are providing greater clarity for borrowers and lenders alike.
“Property values and interest rates - coupled with job growth, consumer spending, household growth and other macro-economic trends that drive demand for commercial real estate - will be keys to how property owners seek and qualify for mortgage financing going forward."
For a complete copy of the company’s news release, please contact
Matt Robinson, (202) 557-2727 mrobinson@mortgagebankers.org
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