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The Mortgage Bankers Association has slashed its forecast for commercial real estate production next year and lowered expectations for this year by 12% as it finds delinquencies are continuing to rise.

The forecast released Oct. 19 contained the MBA’s first major change in its 2024 forecast for total and multi-family loan originations. Production for this year was revised downward Aug. 3 by 23% for all loans and 20% for multi-family.


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Jim DuPlessis

A journalist for decades.

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