The Mortgage Bankers Association has just reported another quarter of low commercial and multifamily loan originations – so low that it marked the slowest first quarter since 2014 – in what is historically the slowest time of the year.

In Q1 2023, loan originations plunged 42% lower than the previous quarter, and 56% lower than in the same period in 2022. The downward trend began in the third quarter of 2022. 



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