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COPYRIGHT 2004 SourceMedia, Inc.
The Mortgage Bankers Association here has reported that commercial and multifamily mortgage debt outstanding increased by $60.8 billion, 2.9%, to $2.17 trillion from the first quarter to the second quarter.
Multifamily debt alone grew by $14.9 billion, or 2.7%, to $567 billion, during this period, according to the MBA.
Doug Duncan, chief economist, MBA, said, "The second quarter continues a string of records in the amount of commercial/multifamily mortgage debt outstanding. It also marks the greatest...
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