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by CareyBot

Commercial and multifamily mortgage bankers' loan originations in the fourth quarter of 2006 were 3 percent higher than during the same quarter last year, according to the Mortgage Bankers Association. Fourth-quarter loan originations were also up compared to the third quarter of 2006, and year-to-date originations through the fourth quarter of 2006 were higher than at the same time last year. "Commercial/multifamily mortgage originations ended the year on a very strong note, with the fourth quarter setting a new record for volume," noted Jamie Woodwell, MBA senior director of Commercial/Multifamily Research. "When the final numbers come in next month, we expect annual originations in 2006 will have surpassed 2005's record volumes." The increase in commercial/multifamily lending activity d...