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| Jamie Woodwell |
Washington, DC (June 18, 2013) -- The level of
commercial/multifamily mortgage debt outstanding decreased by $4.9 billion, or
0.2 percent, in the first quarter of 2013, the first quarterly decrease since
the third quarter of 2011, according to the Mortgage Bankers Association
(MBA).
The $2.41 trillion in outstanding commercial/multifamily
mortgage debt was $4.9 billion lower than the fourth quarter 2012 figure.
Multifamily mortgage debt outstanding rose to $842 billion, an increase of $4.1
billion, or 0.5 percent, from the fourth quarter of 2012.
“After five quarterly increases, the amount of commercial
and multifamily mortgage debt outstanding fell slightly in the first quarter,”
said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate
Research.
“Banks and thrifts,
Fannie Mae, Freddie Mac and FHA increased their commercial and multifamily
holdings, but the balance of loans in commercial mortgage-backed securities
resumed its decline.”
For a complete
copy of the company’s news release, please contact:
Matt Robinson
(202) 557-2727
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