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| 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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