Commercial, multifamily loan originations hit quarterly record

Hotel, office sectors post biggest gains in Q4

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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 during the fourth quarter was driven by increases in originations for hotel properties, offices, industrial and multifamily. When compared to the fourth quarter of 2005, the overall increase included a...