Politics & MoneyInvestments

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

Latest Articles

[PULSE] How to manage rental properties during a global crisis

As the current U.S. unemployment rate hovers above Great Depression-Era levels, many property owners are having rent delinquency, leasing and management issues. So, what can an investor do during the current economic situation to protect their asset?

Jul 02, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please