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| Jamie Woodwell |
WASHINGTON, DC -- The level of commercial/multifamily mortgage
debt outstanding increased to $2.83 trillion in the fourth quarter of 2015, an
increase of $59.7 billion, or 2.2 percent, over the third quarter, according to
data collected by the Mortgage Bankers Association (MBA).
On a year-over-year basis,
the amount of mortgage debt outstanding at the end of 2015 was $184.5 billion
higher than at the end of 2014, an increase of 7.0 percent.
Multifamily mortgage debt
outstanding rose to $1.06 trillion, an increase of $35.4 billion, or 3.4
percent, from the third quarter and $99.8 billion, or 10.4 percent, from the
fourth quarter of 2014.
“During 2015, commercial
and multifamily mortgage debt grew by the largest amount since the series began
in 2007; multifamily mortgage debt grew at the fastest pace since that series
began in 1993; and the amount of commercial and multifamily mortgage debt held
in agency and GSE portfolios and MBS, and on bank balance sheets, grew more
than in any previous year on record,” said Jamie
Woodwell, MBA’s Vice President of Commercial Real Estate Research.
”At the same time, the
amount of mortgage debt held in commercial mortgage backed securities (CMBS)
continued to decline. While 2015 marked
many new records, recent market and regulatory changes have the potential to
impact the availability of commercial and multifamily mortgage debt during
2016.”
For a complete copy of the company’s news release,
please contact:
Ali Ahmad
(202) 557-2727
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