According to the National Land Agency (NLA), which registers all new transactions, Jamaican mortgage loan providers did marginally higher business in 2011 as compared to 2010. The 12,138 new mortgages registered in Jamaica in 2011 is 2.5% more than the 11,834 registered in 2010. In 2011 however, the Jamaican Government reduced the stamp duty charge on refinancing transactions to a nominal J$100, and so it is expected that a number of mortgagors would have switched their loans to companies with lower interest rates. The NLA is unable to say what proportion of 2011 mortgage transactions might have been refinanced properties.
In the last listing of assets dated September 2011 by the BOJ for Jamaica's building societies, the data shows a 3% improvement in mortgage loans year over year. JNBS continues to lead the sector with J$39.16 billion in residential loans, VMBS had J$26.33 billion in loans, a 5.7% reduction, and Scotia Jamaica Building Society recorded a 23% increase in its portfolio to J$9.7 billion. FirstCaribbean International Building Society grew its loans by 5% to J$8.11 billion.