Sunday, October 4, 2015

Mortgage Bankers Association Reports Multifamily Mortgage Debt Hits $1 Trillion in Second Quarter as Commercial/Multifamily Mortgage Debt Continues Upward Trend

Jamie Woodwell
WASHINGTON, D.C. (September 22, 2015)- The level of commercial/multifamily mortgage debt outstanding increased by $38.5 billion in the second quarter of 2015, as three of the four major investor groups increased their holdings.  That is a 1.4 percent increase over the first quarter of 2015.  

Total commercial/multifamily debt outstanding stood at $2.72 trillion at the end of the second quarter.  Multifamily mortgage debt outstanding rose to $1.0 trillion, an increase of $23.6 billion, or 2.4 percent, from the first quarter.

“Rising property values are supporting increased levels of commercial and multifamily mortgage debt,” said Jamie Woodwell, MBA’s Vice President for Commercial Real Estate Research. 

“The total amount of commercial and multifamily mortgage debt outstanding continues to grow at a strong pace, particularly on the multifamily side. For the first time ever, multifamily mortgage debt outstanding now exceeds $1 trillion and is growing at almost 10 percent per year."

The four major investor groups are: bank and thrift; commercial mortgage backed securities (CMBS), collateralized debt obligation (CDO) and other asset backed securities (ABS) issues; federal agency and government sponsored enterprise (GSE) portfolios and mortgage backed securities (MBS); and life insurance companies.

For a complete copy of the company’s news release, please contact: 

Ali Ahmad

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