Wednesday, May 7, 2014

Mortgage Bankers Association Reports First Quarter Commercial and Multifamily Mortgage Originations at Same Pace as Q1 2013


Jamie Woodwell

WASHINGTON, DC (May 6, 2014) – According to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, first quarter 2014 commercial and multifamily mortgage loan originations were one percent lower than during the same period last year and 45 percent lower than the fourth quarter of 2013.

“Commercial and multifamily borrowing typically starts the year slowly, with less than one-fifth of the annual volume usually done in the first quarter,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.

 “This year is looking to continue the trend.  Lending by banks and life companies increased compared to last year’s first quarter, but first quarter originations for Fannie Mae and Freddie Mac and for inclusion in commercial mortgage-backed securities (CMBS) were lower than during the same period last year. 

“Taken together, commercial and multifamily mortgage originations started 2014 at the same pace they started 2013.”

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

Shawn Ryan
(202) 557-2727


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