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Commercial Mortgages Down 31% in Q2

Mortgage News > Commercial Mortgages Down 31% in Q2
Date: 08/11/2020    Commercial Mortgages Down 31% in Q2

As uncertainty about the economy loomed in the wake of the coronavirus pandemic, investors and borrowers pulled back on commercial mortgages during the 2020 second quarter. New originations of those loans fell 31% from the first quarter and 48% from the second quarter of 2019, according to the Mortgage Bankers Association. Retail and hotels saw the largest decreases, with industrial and multi-family mortgages seeing the least disruption.

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