Sule Aygoren Carranzais managing editor ofRealEstate Forum.
[IMGCAP(1)] WASHINGTON, DC-Reflecting tighter lendingconditions, loan volume declined in the fourth quarter. Butoriginations on apartment assets didn't decrease as much as theydid for other property types.
According to recently released data from the Mortgage BankersAssociation, originations for commercial and multifamily propertiesin the final three months of 2007 were down by 16% compared to thesame period the prior year. Still, apartment loans were down only7% over the prior year, thanks to the availability of debt fromFannie Mae and Freddie Mac.
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