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MBA: First Quarter CMF Borrowing Down 2%
Commercial and multifamily mortgage loan originations decreased 2 percent in the first quarter from a year ago, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
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Mortgage Credit Availability Falls to 6-Year Low
Mortgage credit availability fell sharply in April for the second straight month, to a six-year low, the Mortgage Bankers Association reported this morning.
ADP Report: ‘Unprecedented’ April Job Losses
ADP, Roseland, N.J., reported a staggering drop of 20.2 million private-sector jobs in the U.S. between March and April.