Thursday, June 14, 2012

Commercial/Multifamily Mortgage Balances Up $8.1 Billion in First Quarter via RealEstateRama

The level of commercial/multifamily mortgage debt outstanding increased by $8.1 billion, or 0.3 percent, in the first quarter of 2012, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA).

The $2.37 trillion in outstanding commercial/multifamily mortgage debt was $8.1 billion higher than the fourth quarter 2011 figure. Multifamily mortgage debt outstanding rose to $818 billion, an increase of $6.9 billion or 0.8 percent from the fourth quarter of 2011.

“The amount of commercial and multifamily mortgage debt outstanding increased during the first quarter, as lenders put out more in new loans than paid-off or paid down,” said Jamie Woodwell, Vice President of Commercial Real Estate Research at the Mortgage Bankers Association. “Banks; Fannie Mae, Freddie Mac and FHA; and life insurance companies all increased their holdings of commercial and multifamily mortgages, more than offsetting declines among CMBS and other investor groups.”

Read more...Commercial/Multifamily Mortgage Balances Up $8.1 Billion in First Quarter | RealEstateRama

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