Commercial and multifamily mortgage bankers' loan originations set a new record during the third quarter of 2005, according to the Mortgage Bankers Association. The $58.3 billion in loan originations reported for the third quarter was 64 percent higher than the third quarter of 2004 and 31.2 percent higher than the second quarter of 2005. The quarter-to-quarter increase was led by substantial gains among multifamily and office property types, while commercial mortgage-backed securities (CMBS) conduits and life insurance companies led the way among investor types. MBA also reported that year-to-date loan originations were 43.6 percent higher than they were last year at this time. "Capital continues to flow into the commercial and multifamily real estate markets on both the debt and equity sides," said Douglas G. Duncan, MBA chief economist and senior vice president of research and business development. "The 31.2 percent quarter-to-quarter increase in origination volume indicates tha...
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