2013 was a "strong year" for both commercial and multi-family debt holdings the Mortgage Bankers Association (MBA) said today and the fourth quarter continued in that vein. The amount of commercial and multi-family mortgage debt outstanding at the end of the year increased by 3.7 percent or $90.5 billion compared to the end of 2012. Multi-family debt alone increased by $37 billion during the year, an increase of 4.3 percent.
The largest increases in the dollar volume holdings of overall commercial/multi-family debt was with commercial banks and thrifts which expanded theirs by $62 billion or 7.4 percent. The largest increase on a percentage basis was in the holdings of non-life insurance companies, up 29.9 percent. Finance companies decreased their holdings by $5 billion or 10.0 percent and state/local government retirement funds had the largest percentage decrease at 29.7 percent.
Read more...Commercial and Multifamily Debt Reaches New High
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