MBA Analysis Pegs 2011 Multifamily Lending at $110 billion, Up 60% From 2010
By MBA -

WASHINGTON, D.C. – October 4, 2012 – (RealEstateRama) — In 2011, 2,653 different multifamily lenders provided a total of $110.1 billion in new mortgages for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA). The 2011 dollar volume represents a 60 percent increase from 2010 levels. Seventy-two percent of the active lenders made five or fewer multifamily loans over the course of the year.


More info...

SHARE
Avatar
MBA
http://www.mortgagebankers.org/

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

RELATED ARTICLESMORE FROM AUTHOR

Previous articleSecretary Markowitz Announces Green Infrastructure Initiative – an Environmentally Sustainable Approach to Manage Stormwater Pollution
Next articleSchuette Announces 23 to 40 Year Prison Sentence For Westland Man Guilty Of Foreclosure-Rescue Fraud Scam