The Federal Housing Administration endorsed $10.5 billion in multifamily rental housing loans during its fiscal 2011, a new record with still another month and a half to go.
The FHA fiscal year ends in October. So far, it endorsed nearly 1,100 multifamily loans, seven times the amount three years ago. For only the second time, loan activity surpassed $10 billion.
For the entire industry, commercial and multifamily originations doubled in the second quarter from last year, according to the Mortgage Bankers Association.
Monday, August 22, 2011
FHA multifamily origination breaks record
The Housing Wire reports:
