Mortgage Bankers Association Report Rise in Commercial Lending
While hotels and medical buildings aren't faring so well in the third quarter, commercial and multi-family mortgage lending rose 32%. This seemed to be a result of historically low interest rates, which attracted more borrowers to the market than this period in 2009.
In general, loan originations were up 15% from the second quarter. Commercial banks posted declines whil Fannie Mae and Freddie Mac were among the strongest performers. The origination volume for CMBS rose 43 percent from the second quarter. For the whole report please go here.
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