Commercial and multifamily mortgage origination volumes during the second quarter of 2013 rose 36% from the first quarter of 2013 and jumped 7% year-over-year, the Mortgage Bankers Association said.
"Commercial and multifamily mortgage lending and borrowing continued to grow during the second quarter," said MBA Vice President of Commercial Real Estate Research Jamie Woodwell.
"The apartment market continues to be the belle of the ball, with multifamily mortgage originations running 31% ahead of last year’s first half total. And after a slow start to the year, lending by life insurance companies surged in the second quarter to record the highest quarterly volume on record for that sector," added Woodwell.
Read more...Multifamily originations are on the rise | HousingWire
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