The $3.47 trillion in commercial/multifamily mortgage debt outstanding recorded by the Federal Reserve was a decrease of $9.9 billion or 0.3 percent from the first quarter 2009. Multifamily mortgage debt outstanding grew to $914 billion, an increase of $6 billion or 0.7 percent from first quarter.
"Commercial/multifamily mortgage debt outstanding fell by 0.3 percent in the second quarter, as the amount of loans paid-down and paid-off exceeded the amount of new mortgages taken out," said Jamie Woodwell, (top right photo) MBA's Vice President of Commercial Real Estate Research.
"Most major investor groups, including the CMBS market, life insurance companies and banks and thrifts, saw reductions in their holdings of commercial/multifamily mortgages, while Fannie Mae and Freddie Mac increased their holdings of multifamily mortgages."
Contact: Carolyn Kemp, (202) 557-2727, ckemp@mortgagebankers.org
No comments:
Post a Comment