Michelle Matteson
A Varied Market
By Reginald Booker With almost 3,000 different lenders and many tens of thousands of loans made each year, there is currently more than $940 billion in mortgage debt outstanding. But there is remarkable diversity in lending for multi-family rental properties. Loans vary considerably, as do the types of lenders. Nowhere is this clearer than in looking at the average size of loans made by different lender types. Multi-family loans made by and for life insurance company portfolios had the largest average loan size in 2013, according to recently released data, at $22 million. The government-sponsored enterprises’ (Fannie Mae and Freddie…
Slow Starts
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Elevated Employment
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)











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