Washington, DC (Dec. 14, 2011) - The level of commercial/multifamily mortgage debt outstanding was essentially unchanged in the third quarter of 2011, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA).
The $2.4 trillion in commercial/multifamily mortgage debt outstanding was just $533 million lower than the second quarter 2011 figure. Multifamily mortgage debt outstanding rose to $806 billion, an increase of $4.1 billion or 0.5 percent from the second quarter.
"Three of the four leading investor groups increased their holdings of commercial and multifamily mortgages during the third quarter," said Jamie Woodwell (top right photo) MBA's Vice President of Commercial Real Estate Research.
"Life insurance companies, banks, and Fannie Mae/Freddie Mac/FHA each increased their investments in commercial/multifamily mortgages during the period.
“The CMBS market, which was sidelined during the quarter by US and European sovereign debt struggles and other capital markets disruptions, saw $7.4 billion more in loans pay-off and pay-down than was added.
"The net effect was no appreciable change in the amount of commercial/multifamily mortgage debt outstanding."
For a complete copy of MBA’s news release, please contact:
Matt Robinson, (202) 557-2727, mrobinson@mortgagebankers.org: http://www.mortgagebankers.org/
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