Lender reviews $140m requests.After closing 2004 with a rush, national senior housing lender and investor 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 reviewing 16 separate loan requests in January January: see month. totaling $140.5 million. Cambridge Chairman Jeffrey A. Davis said the January total compares with 19 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 totaling $146.1 million for the same month last year. According co Davis, origination requests reviewed by the company in 2004 chased record-setting 2003 totals for most of the year. In the final tally, the total number of origination requests in 2004 eclipsed the earlier record set in 2003, but the dollar volume was slightly higher in 2003. In 2004, the company reviewed 394 separate origination requests compared with 366 in 2003. The volume for 2003 was $3.26 billion compared with $3.12 billion a year later. |
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