Borowers getting more ethusiastic.For the third consecutive month, Cambridge Cambridge, city, Canada Cambridge (kām`brĭj), city (1991 pop. 92,772), S Ont., Canada, on the Grand River, NW of Hamilton. It was formed in 1973 with the amalgamation of Galt, Hespeler, and Preston, all founded in the early 19th cent. Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Capital Companies reports that the total number of loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. requests was significantly higher than the same month last year, but year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. dollar volume for 2005 continued to lag modestly behind last year's total at this time. "In recent weeks, we've been fielding requests from a greater number of smaller operators, but the level of activity overall is relatively strong for this stage in the interest rate cycle," said Cambridge chairman Jeffrey A. Davis "After a slow start early in the year, we appear to be seeing a more enthusiastic response at this time," he said. Davis said the company reviewed 45 origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real requests in May, totaling $299.3 million. This compares with 35 requests in May 2004 totaling $500.4 million. Through May 2005, Cambridge had reviewed 140 origination requests totaling $1.11 billion. For the same period in 2004 the company had reviewed 190 requests totaling $1.23 billion. Davis points out that lenders close a relatively small percentage of the origination requests they receive, but tracking this information is useful as an indication of market activity. |
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