Loan originators largely expect strong borrowing demand for commercial and multifamily mortgages this year, although experts are less enthusiastic than they were last year.
The latest MBA CREF Outlook Survey from the Mortgage Bankers Association shows 63% of the nation’s top commercial mortgage firms believe originations will grow throughout 2017, GlobeSt reports. While those numbers show healthy optimism in the market, they are noticeably less hopeful than the 90% of surveyed respondents last year who said they expected growth at the beginning of 2016.
In addition, 52% of respondents said they think potential regulatory changes will be positive for real estate, with many people expecting potential changes to Dodd-Frank and its CMBS risk retention requirements to help out markets. [GS]
