Second-quarter commercial mortgage originations fell 2 percent from the first quarter, the Mortgage Bankers Association reported. Loans on industrial properties fell 23 percent, while multifamily property fundings were down 14 percent and retail property loan volume was off 7 percent. Compared to the second quarter 2007, commercial mortgage production was 63 percent lower.
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Welcome to Mortgage-Lending-News.Com. The United States Mortgage Industry is at a crossroads. Hundreds of billions in loans and real estate valuations have been lost due to the sub-prime mortgage crisis. Even worse, billions more are at risk during the first half of 2008, as even more adjustable rate mortgages reset their rates. Hardly a day goes by that we don't hear of a foreclosure crisis in the news. Quite simply, there is too much news for us to keep up with, so we built this Mortgage site, initially as a means for us to internally follow what is going on in the mortgage industry. Now, we are sharing it with you.
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