'Capital disruptions' stifle commercial, multifamily loans

MBA: Q4 decline in originations driven by CMBS troubles

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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.