Abstract: Paper No. 172
Estimating the Volume of Multifamily Mortgage Originations by Commercial Banks Using the Survey of Mortgage Lending Activity and the Home Mortgage Disclosure Act Data
Amy D. Crews, Robert M. Dunsky, and James R. Follain
Two public data sets on multifamily mortgage originations are used to resolve the $15 billion discrepancy between the published estimates of the size of the multifamily lending market covered by commercial banks. The data are from the Survey of Mortgage Lending Activity and the Home Mortgage Disclosure Act. The analyses show the primary sources of the differences in the estimates are differences in the populations covered, nonreporting biases, and the methods used to expand the reported values to aggregate values. The 1993 multifamily mortgage originations volume by commercial banks is estimated to be about $7-8 billion.
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