U.S. Commercial, Multifamily Mortgage Debt Rises to $2.76 Trillion in Q3

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According to Mortgage Bankers Association's Commercial/Multifamily Real Estate Mortgage Debt Outstanding Report released this week, commercial and multifamily mortgage debt outstanding continued to climb in the third quarter, driven by increases in the dollar amount of loans held in bank portfolios.
 
Banks accounted for 85 percent of the total increase, adding $32 billion to their holdings of commercial real estate loans during the quarter, the largest amount since the series began in 2007. 

Life insurance companies increased their holdings by $8.6 billion, or 2.3 percent, and agency and GSE portfolios and MBS increased their holdings by $6.0 billion, or 1.4 percent. CMBS, CDO and other ABS issues saw the largest decrease at $9.0 billion, or down 1.7 percent.

Overall, the level of commercial/multifamily mortgage debt outstanding increased by $38.0 billion in the third quarter of 2015 to $2.76 trillion. Multifamily mortgage debt outstanding rose to $1.02 trillion, an increase of $19.3 billion, or 1.9 percent, from the second quarter.