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Q1 Commercial Mortgage Originations Sink to 9-Year Low

Sunday, May 14 2023
Commercial Lending
Written by  The Mortgage Leader

Commercial and multifamily loan originations in the first quarter of 2023 were down 42% from the previous quarter and 56% from a year before, according to the Mortgage Bankers Association. So reports GlobeSt.com.

MBAThe period marked the lowest-volume first quarter—historically the lowest-volume quarter of the year—since 2014.

Commercial real estate originations started falling in the third quarter of last year, according to the MBA.

Read the full article from GlobeSt.com.

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