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by CareyBot

Commercial and multifamily mortgage bankers' loan originations were 17.3 percent higher than the second-quarter-2005 level, according to a Mortgage Bankers Association report released today. The year-over-year increase during the second quarter was led by solid gains among all property types, while commercial banks led the increases among investor types. Second-quarter loan originations were up 23.3 percent compared to the first quarter of 2006, while year-to-date originations for 2006 are 24.3 percent higher than at the same time last year. "Origination activity remains strong and, while the Federal Reserve has been raising short-term rates, long-term rates have actually been falling recently," said Doug Duncan, MBA chief economist and senior vice president of research and business devel...