The WPJ
Residential Real Estate News
Total U.S. Commercial, Multifamily Mortgage Debt Outstanding at $2.83 Trillion
According to the Mortgage Bankers Association's latest Commercial / Multifamily DataBook, the fourth quarter of 2015 was the fourth highest quarter for borrowing and lending on record.
Banks, life insurance companies and Fannie Mae and Freddie Mac all saw their highest originations volume on record. Of the major investor groups, only the commercial mortgage-backed securities market did not break a record for originations.
MBA's Commercial/Multifamily DataBook also reported that:
- In terms of overall borrowing and lending volume, 2015 as a whole was likely second only to 2007.
- Total commercial and multifamily debt outstanding stood at $2.83 trillion at 2015's close, up 2.2 percent from the third quarter. Multifamily mortgage debt outstanding rose 3.4 percent to $1.06 trillion.
- In dollar terms, agency and GSE portfolios and mortgage-backed securities saw the largest increase in their holdings of multifamily mortgage debt, an increase of $17.8 billion, or four percent.
- In percentage terms, real estate investment trusts recorded the largest increase in holdings of multifamily mortgages at 16 percent. State and local government retirement funds saw the biggest decrease at five percent.
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