Commercial/Multifamily Originations Up...And Down

Second quarter 2009 commercial and multifamily mortgage loan originations were 50% higher than during the first quarter of 2009, but remained 54% lower than during the same period last year, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Banker Originations.

"Commercial and multifamily mortgage originations continue to feel the effects of the recession and the credit crunch," said MBA's vice president of commercial real estate research Jamie Woodwell, adding that the increase in volumes between the first and second quarter of this year "follows a traditional seasonal increase in the second quarter."