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Mortgage Bankers Stepping up Financing for Commercial Real Estate: MBA
(DS NEWS) - Contrary to popular belief, the Mortgage Bankers Association (MBA) says financing for new commercial and multifamily mortgages is on the rise.
According to a quarterly survey released by MBA Tuesday at its Commercial Real Estate Finance convention in Las Vegas, commercial and multifamily mortgage loan originations were 12 percent higher in the fourth quarter of 2009 than during the same period last year, and 15 percent higher than the third quarter of 2009.
“Commercial and multifamily mortgage originations picked up in the fourth quarter, but remain at a low level in absolute terms,” explained Jamie Woodwell, VP of commercial real estate research at MBA. “The trend shows
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