Tuesday, May 15, 2012

Multifamily lending accelerates 45% in 1Q via HousingWire

Bolstered by record-low interest rates, multifamily mortgage originations spiked 45% in the first quarter from year-ago levels, according to the Mortgage Bankers Association.

The rise in multifamily lending helped boost overall commercial and multifamily activity 36% from a year earlier, the MBA found in its quarterly survey.

From the fourth quarter, overall originations are down 12%, reflecting the industry’s usual push to finalize deals before the end of the year and subsequent dropoffs in first-quarter numbers. Multifamily lending fell 22% from the fourth quarter.

Read more...Multifamily lending accelerates 45% in 1Q | HousingWire

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.