The commercial/multifamily originations market grew 19 percent in 2007, with mortgage bankers closing $507.7 billion in commercial/multifamily loans, the Mortgage Bankers Association reported today. According to MBA's 2007 Commercial Real Estate/Multifamily Finance: Annual Origination Volume Summation, increases in originations were seen across most property types and most investor groups, and were led by increases in loans for office buildings and loans intended for commercial mortgage-backed security (CMBS), collateralized debt obligations (CDO) and other asset-backed security (ABS) conduits. Intermediated loan volume grew 15 percent between 2006 and 2007. "Even with the credit crunch hitting mid-year, 2007 still set a record for commercial/multifamily mortgage originations," said Jamie Woodwell, MBA's senior director of commercial/multifamily research, in a statement. "The 2007 numbers show both the importance of the commercial mortgage-backed securities (...
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