'Capital disruptions' stifle commercial, multifamily loans

MBA: Q4 decline in originations driven by CMBS troubles

Commercial and multifamily mortgage bankers’ loan originations sank by double digits in the fourth quarter of 2007 when compared to a year earlier, the Mortgage Bankers Association reported today in a quarterly survey.

Total fourth-quarter originations dropped 16 percent below the level recorded in fourth-quarter 2006, with the decrease seen across most property types and investor groups, according to the MBA’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.