MBA: commercial and multifamily originations rose 16% in Q2 2026
Borrowing is up. The mix of capital still decides whether a given Arizona file actually closes.
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Readings of public market data, not invented research
Notes are dated and sourced. If we cannot cite MBA, FHFA, CBRE, or another public series, we do not publish a take.
Agency caps are not the constraint. Source selection is.
FHFA set $176 billion of combined 2026 Fannie and Freddie multifamily purchase caps. MBA’s Q2 print still showed GSE originations down year over year.
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