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Commercial and Multifamily Mortgage Loan Originations 70% Lower 1st Quarter of 2009 compared to 2008

According to the Mortgage Bankers Association 2009 Quarterly Survey, commercial and multifamily mortgage loan originations is 70% lower the first quarter of 2009 compared to the previous year. Lower borrower demand and constrained lender supply has equated to lower originations says Jamie Woodwell, Vice President of Commercial Real Estate Research at the Mortgage Bankers Association. Conduit loans decreased 96%; an 80% decrease in commercial bank portfolios; a 66% decrease in loans for life insurance companies; and a 26% decrease of the dollar volume of loans for Fannie Mae and Freddie Mac. To see the report go---> http://bit.ly/CVqZ2

Posted by John Joseph on May 15, 2009 7:32 AM |

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Address: 931 South Front Street   Columbus Ohio 43206   Phone: 614-449-8282   Fax: 614-449-8287

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