So. Cal. Home Loans Off 9%; Up 7% in Bay Area
From a Times Staff Writer
Residential mortgage lending in Southern California in 1992 totaled about 185,000 loans, a decline of 9% from 1991, according to TRW REDI Property Data, which monitors property transactions from public records. By contrast, mortgage lending grew by 7% in the San Francisco Bay area, TRW REDI reported.
In both areas of the state, Bank of America continued to be the No. 1 residential lender, with 17% of the market share, the report said.
Construction lending, an important indicator of real estate activity, fell 37% in the Southland and 29% in the Bay area in 1992, compared to 1991, TRW REDI said.
