Freddie Mac survey: Long- and short-term mortgage rates take a welcome plunge

MBA reports 4-percent multifamily lending increaseMortgagePress.comMultifamily lending statistics The Mortgage Bankers Association (MBA) has released its 2006 Annual Report on Multifamily Lending, showing a $5 billion lending increase between 2005 and 2006. The multifamily lending market grew by 4 percent, from $133 billion in closed loans in 2005 to $138 billion in 2006. The report also indicated an average loan size of $2.7 million based on 50,959 loan originations. The MBA, based in Washington, D.C., is a national trade association that represents the real estate finance industry. For more information, call (202) 557-2700 or visit www.mbaa.org.