Loan data same as this time last year.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 the company processed 37 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 in May to exactly match the number of requests reviewed during 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. request totals remain substantially ahead of 2005 through the first five months of the year," said Cambridge Chairman Jeffrey A. Davis. Through May of this year, Cambridge reviewed 183 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 $1.32 million. During the same period last year, the company reviewed 135 requests totaling $1.07 million. Davis points out that lenders close a relatively small percentage of the origination requests they receive. But he thinks it's useful to track this information as an indication of current market directions. "The activity we've observed so far this year indicates borrowers are more aggressively responding to rate hikes triggered by the Fed's tighter monetary policies. This remains a good time for borrowers to lock in long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. rates at current levels," he believes. |
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