Commercial Real Estate Loan Originations Recorded a Big Drop in the First Quarter, Partially Due to Lack of Demand

Wealth Management, May 9, 2023–Elaine Misonzhnik
A new report from the Mortgage Bankers Association (MBA) shows that its Commercial/Multifamily Mortgage Origination Index declined by 56% year-over-year in the first quarter of 2023, and was down 42% quarter-over-quarter. The decline comes after a 54% year-over-year drop in originations recorded by the index in the fourth quarter.