Cambridge loans top $221m.Cambridge 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 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 reviewed by the company in September were substantially higher than totals for the same month last year. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cambridge chairman Jeffrey A. Davis, the company reviewed 38 loan origination requests in September totaling $221.5 million. In contrast, there were 29 origination requests totaling $184.9 million for the same month last year. "The pattern we've been watching is especially dramatic when viewed over an extended period of time," he noted. Over the past 12 months, Cam bridge has fielded 430 loan origination requests totaling $3.9 billion. During a comparable 12-month period ending in September 2005, there were 345 origination requests totaling $2.6 billion. Davis points out that lenders close a relatively small percentage of the origination requests they receive. But it's useful to track this activity as an indication of market directions. "Through much of the period analyzed, the Federal Reserve Board was steadily increasing short-term interest rates Short-term interest rates Interest rates on loan contracts-or debt instruments such as Treasury bills, bank certificates of deposit or commerical paper-having maturities of less than one year. Often called money market rates. . But borrowers appear to be as interested as ever due, presumably pre·sum·a·ble adj. That can be presumed or taken for granted; reasonable as a supposition: presumable causes of the disaster. , to the improved economic health of the industry in general." |
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