MBA: Commercial/Multifamily Lending To Drop 34 Percent In 2020

National Mortgage Professional, Nov. 6, 2020–Navi Persaud
The Mortgage Bankers Association’s forecast reported that commercial and multifamily mortgage bankers are expected to close $395 billion of loans backed by income-producing properties in 2020. According to the MBA, this is a 34% decrease from 2019, where the category saw a record volume of $601 billion.