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by CareyBot

The Mortgage Bankers Association Thursday released its quarterly commercial and multifamily mortgage loan originations survey for the third quarter of 2004, showing continued growth in mortgage originations. Commercial mortgage bankers originated $34.1 billion, up 15.2 percent ($4.5 billion) from the same quarter in 2003 and up 2.3 percent ($0.8 billion) from the second quarter of 2004. "Continued demand for commercial mortgages – from both borrowers and lenders – is setting up 2004 to break 2003's record origination levels" said Doug Duncan, MBA's chief economist and senior vice president. "And while modestly rising interest rates could take some wind out of the sails, stabilizing market conditions and low delinquency rates will likely keep capital flowing to commercial and m...