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Multifamily mortgage originations jump 13%

Originations of commercial and multifamily loans grew 13% year-over-year in the fourth quarter of 2011, while still declining 7% from the third quarter, an industry trade group said Monday.  

The Mortgage Bankers Association said its quarterly survey shows a steep increase in commercial lending driven by higher originations for industrial and multifamily property types.

Loans for industrial properties rose 43% from a year earlier while multifamily loans jumped 31% in the final three months of 2011.

Loan activity for retail properties dropped 8%, loans on health care properties fell 24%, while office property and hotel property loan originations declined 29% and 44%, respectively.

When analyzing loans by investor type, loans for commercial bank portfolios grew by 122% from a year earlier. In addition, there was a 17% increase in loans for government-sponsored enterprises, a 13% drop in loans for insurance companies and a 50% decline in loans for conduits for CMBS.

kerripanchuk@housingwire.com

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