Higher rates hit commercial lending

Little-followed Walker & Dunlop (WD) provides a window into how higher rates are affecting commercial real estate, cutting its guidance for Q3 loan originations to $1.7B-$1.9B from $2-$2.5B previously.

Also to blame are Fannie and Freddie pulling in their horns to stay under FHFA-imposed 2013 lending caps.

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