WASHINGTON, DC-The Mortgage Bankers Association has reported that there was an increase of 1% in the originations of multifamily and commercial mortgages in Q2 2010 when compared to that of Q2 2009. When compared to the data of Q1 2010 there was an increase of 35%.
An official from MBA has reported that borrowings remained low as only a few commercial properties were sold or refinanced. The originations for Freddie Mac and Fannie Mae also fell by about 50% in comparison to 2009. For the full story, go to Florida Real Estate Journal.
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