Monday, March 21, 2016

Mortgage Bankers Association Reports Commercial/Multifamily Mortgage Debt Outstanding Grew at a Strong Pace in 2015


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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