Commercial/multifamily loan originations grow in first quarter

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During the first quarter of 2006, commercial and multifamily mortgage bankers' loan originations increased 34.2 percent compared to the same quarter last year, according to the Mortgage Bankers Association. The year-over-year increase during the first quarter was led by solid gains among all property types, while commercial mortgage-backed securities conduits and commercial banks led the increases among investor types. First-quarter loan originations were down 37.4 percent compared to the fourth quarter of 2005. "The first quarter is traditionally when originators recover from the flood of year-end activity and build the foundation for the year ahead," noted Douglas G. Duncan, MBA chief economist and senior vice president of research and business development. "While it is unknown if the rate of growth seen in these markets during 2005 will continue at the same pace through 2006, first quarter numbers indicate no immediate signs of slowing." The increase in commercial/multifamily l...