May 14th, 2008
Commercial/multi-family business going strong
It’s hard to find anything positive to say about the residential real estate market. That’s not the case, though, with the commercial and multi-family side of the real estate industry.
It’s hard to find anything positive to say about the residential real estate market. That’s not the case, though, with the commercial and multi-family side of the real estate industry.
There are some records you don’t want to set. A record number of home foreclosures is one of them.
The mortgage industry in the third quarter of 2007 modified an estimated 54,000 loans and established repayment plans with another 183,000 borrowers to help prevent foreclosures.
Loan originations for commercial and multi-family projects dipped in the third quarter of this year, according to a new report from the Mortgage Bankers Association.
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Written by Dan Rafter [email] for b5media.
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