Thursday, September 2, 2010

Second Quarter 2010 Commercial/Multifamily Mortgage Originations Increase




Washington (28 Јули 2010 г.) -- The second quarter 2010 commercial and multifamily mortgage loan originations were one cent higher than during the same period last year and 35 percent higher than during the first quarter, according to mortgage Bankers Association (MBA) Quarterly Survey of Commercial / Multifamily Mortgage Bankers Originations.

"Borrowing remains light as several commercial property owners to sell or refinance their properties, unless they have to," said Jamie Woodwell, MBA's vice president of commercial real estate research. "Life insurance companies, CMBS conduits and other back on the market and loans, and rates are very attractive levels. However, the low amounts of property sales, property values are depressed, stressed cash flow and modest loan maturities are all keeping borrowing a minimum. "

Among the key conclusions in the report are:

• Second-quarter commercial and multifamily mortgage originations were flat with the level of last year and increased 35 percent
the first quarter volumes.

• Originations life insurance companies and CMBS conduits are drastically increased percentage basis.

• Originations for Fannie Mae and Freddie Mac fell by more than half of Q2 2009 levels.

• The absolute level, volumes remain low.


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