First quarter 2011 commercial and multifamily mortgage originations were 89% higher than during the same period last year, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
The 89 percent overall increase in commercial/multifamily lending activity during the first quarter of 2011 over the same period in 2010 was driven by increases in originations for all property types.
Among investor types, first quarter 2011 originations for conduits for CMBS increased 391 percent compared to last year's first quarter. There was also a 126 percent increase in loans for life insurance companies, a 73 percent increase in loans for commercial bank portfolios, and a 59 percent increase for the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac.
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