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WASHINGTON -- Commercial and multifamily mortgage debt outstanding reached $2.845 trillion in the third quarter, an increase of 2.9% from the second quarter, the Mortgage Bankers Association reports, based on an analysis of the Federal Reserve's Flow of Funds data.
Multifamily mortgage debt outstanding alone grew to $714 billion at the end of the third quarter, an increase of $10.8 billion or 1.5% from the second quarter, the MBA said.
"Nearly every investor group increased their stake in commercial/multifamily mortgages in the third quarter," said Jamie Woodwell, MBA's senior director of commercial/multifamily research.
"As investors assess different investment options for their capital, commercial/multifamily mortgages continue to attract a great deal of interest."
The Federal Reserve flow of funds data summarizes the holding of whole loans or, if the loans are securitized, the form of the security.
Commercial banks continue to hold the largest share of commercial and multifamily mortgages, with more than $1.2 trillion, or 44% of the total (this includes "commercial and industrial" loans as well as loans on income-producing commercial real estate).
Commercial ...