NAA Industry Insider: MBA Reports Multifamily Lending Up 33 Percent

A total of 2,803 different multifamily housing lenders provided $146.1 billion in new loans last year for apartment communities with five or more rental units, reports the Mortgage Bankers Association (MBA). The 2012 dollar volume represents a 33 percent gain from the previous year's levels. Two-thirds of the active lenders made five or fewer multifamily loans over the course of 2012. The $146 billion of multifamily mortgages originated last year went to a broad array of investors. In terms of total dollar volume, the biggest share (40 percent) went to Fannie Mae and Freddie Mac.

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