Increase in Loan Originations
There has been an increase in loan originations as commercial and multifamily mortgage lending and borrowing continued to grow during the second quarter. The apartment market continues to be the belle of the ball, with multifamily mortgage originations running 31 percent 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.
According to the latest Quarterly Index of Commercial/Multifamily Mortgage Bankers Originations, second quarter 2013 origination volumes are:
• 7% higher than in Q2 2012
• 36% higher than in Q1 2013
• 8% higher year-to-date from last year’s year-to-date levels
MBA’s Quarterly Index of Commercial/Multifamily Mortgage Bankers Originations provides quarter-year updates on changes in the originations market and details changes in the volume of loans originated and breaks the data down by property type and by investor type. It’s available for download here.