CoStar Group reported that Commercial Mortgage Backed Securities (CMBS) may be back in business. CMBS was similar to the residential secondary mortgage markets. Loans were group together and sold to investors and this was a large part of what drove the housing boom from 2000-2007 but this is also large part of the recession of [...]
Archive for financing
MultiFamily Financing Declines
Here is an interesting article from National Real Estate Investor magazine:
Commercial/Multifamily Mortgage Originations Plunge 80% from Fourth Quarter 2007
By Denise Kalette
A new report from the Mortgage Bankers Association (MBA) shows a dramatic drop in commercial and multifamily mortgage loan originations in the fourth quarter of 2008. Originations fell 80% from the same period of 2007, [...]
