MULTIFAMILY MORTGAGE ORIGINATIONS Q3 2009

Multifamily mortgage originations posted a double-digit drop in Q3 2009, according to the results of the latest Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

According to the survey, the total volume of multifamily and mortgage loan originations in Q3 2009 dropped 12% compared to the volume processed in Q2 2009, mostly because Fannie Mae and Freddie Mac pulled back from multifamily lending. This drop follows a 50% quarterly increase in activity in Q2 2009.

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On a year-over-year basis, commercial and multifamily mortgage originations in the third quarter of 2009 dropped 54%, which is the same rate of year-over-year decline registered in the second quarter of 2009.

According to the MBA press release, originations of multifamily mortgages in Q3 2009 posted a 17% drop compared to the activity registered in Q2 2009 and a 40% drop compared to the activity registered in Q3 2008.

Note the in Q2 2009 multifamily mortgage originations posted a 74% quarterly increase and a 21% year-over-year decline. If you have an interesting comment in relation to this article please use the form below Related Posts to submit it. Please read submission guidelines before writing and submitting your comment.

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