Cambridge Reports Dollar Volume for Loan Origination Requests Shows Slight Improvement in January

CHICAGO, IL--Cambridge Realty Capital Companies reports that the 22 loan origination requests processed by the company in January lagged behind the total for the same month last year, when 27 loan origination requests were reviewed.

Even so, the combined dollar volume for loan origination requests was slightly higher for the first month of this year, $373.9 million compared with $364.6 million in January 2009, Cambridge Chairman Jeffrey A. Davis (top right photo) reports.

Lenders close a relatively small percentage of loan requests received. But Davis believes it’s useful to track this information as an indication of market directions.

“While it’s too early to establish a trend line for 2010, analysis of a year-over-year 12-month trailing average for origination requests suggests there is room for improvement in the months ahead,” he says.

Davis says the trailing average for origination requests peaked in January 2007, when the company processed 417 loans totaling $4.76 billion for the 12-month period. This compares with 308 requests totaling $4.1 billion for a comparable period ending in January 2010.

Contact: Evan Washington, Phone: (312) 521-7603, Fax: (312) 357-1611, E-Mail: ew@cambridgecap.com, Twitter: http://twitter.com/CambridgeCap