Loan Originations Off this year
Posted by Jordan Crouch on August 26, 2008
Compared with the second quarter of 2007, April through June of this year is down 63% for commercial loan originations. Mortagebankers.com has an article breaking the numbers down by property type:
MBA researchers cite declines in nearly every property type, including hotels, down 87 percent; healthcare facilities, 66 percent; offices, 65 percent; retail stores, 63 percent; industrial, 57 percent; and, finally, a 42-percent decline for multifamily housing. Looking at investor types, a whopping 98-percent year-over-year decline in mortgage originations was recorded for conduits for commercial mortgage-backed securities
