The Multifamily Housing Institute said it is creating an on-line data base that will track the performance of apartments and apartment loans nationwide.

"This will be the largest publicly available aggregation of property and financing data available for multifamily mortgages. Frankly, there is no source like this for income properties that is as reliable," said Charles J. Olsen, vice president of multifamily production and product development at the Federal Home Loan Mortgage Corp., which is among the organizations contributing data for the service.

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