First-quarter commercial and multifamily mortgage originations came in higher year-to-year but lower quarter-to-quarter. Originations were up 12% compared to the same period last year but down 26% from the fourth quarter of 2009. "The results of the survey showed changes in commercial and multifamily mortgage loan origination levels varied significantly between investor groups," said Jamie Woodwell, MBA's vice president of commercial real estate research. "However, it's hard to draw conclusions based on first-quarter numbers given seasonal effects, such as the industry's usual push to finalize deals before the end of the year, resulting in lower first-quarter origination activity."
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