Despite slipping from the fourth quarter of 2006, commercial and multifamily mortgage bankers' loan originations in the first quarter were up 37 percent from a year ago, according to a survey conducted by the Mortgage Bankers Association. MBA's quarterly survey found an increase in loan originations across all property types and most investor groups, "led by increases in commercial mortgage-backed securities (CMBS) conduit loans and loans financing office properties," said Jamie Woodwell, MBA's senior director of commercial/multifamily research, in a statement. "The strong first quarter included heavy volume driven by real estate investment trusts (REIT) privatizations and continues a trend of first-quarter-over-first-quarter increases going back to the beginning of MBA's survey, which was first released in 2001," Woodwell said. The increase in first-quarter commercial/multifamily lending activity from a year ago was driven by a 64 percent jump in loans for health care pro...
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