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Fuchs Cites Downdraft at Mortgage Forum

Randy Fuchs indicated that the residential meltdown will continue to affect small-balance originations, based on updated mortgage statistics and forecasts presented at the Mortgage Brokers Forum on Small-Balance Commercial Lending in Las Vegas. In his keynote address, Fuchs cited trends for small-balance originations and small-cap property sales that are significantly off their peak in Summer 2006, with sizable declines in selected major markets that have also been significantly affected by the residential pull-back. That said, Fuchs suggested that the basic coordinates of the market - sheer size, fragmentation, solid loan performance - hadn't changed and continue to present opportunities for existing and new players.