Commercial and multifamily mortgage debt rose by 0.9% in the fourth quarter from a year earlier, to $21.8 billion, marking the highest year-over-year improvement since the second quarter of 2008, the Mortgage Bankers Association said Monday.
Banks and thrifts took on $17.1 billion of the debt, a 2.1% increase from the fourth quarter of 2011. Government-sponsored entities took on $7.6 billion, a 2% rise. The increases were offset by securities issuers, which decreased their holdings of commercial/multifamily debt by $6 billion, or 11.3%.
Read more...Commercial, Multifamily Lending Has Best Quarter Since 08 - American Banker Article