Multi-family Mortgage Originations Down 54 Percent from Same Time Last Year

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Multi-family Mortgage Originations Down 54 Percent from Same Time Last Year

Friday, 14 August 2009 11:20

Commercial and multi-family mortgage originations haven�t escaped the trickle down of the recession and the credit crunch, with volumes 54 percent below last year's second quarter and 83 percent below the peak seen in the second quarter of 2007, according to the Mortgage Bankers Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.