The level of commercial/multifamily mortgage debt outstanding grew by 2.6 percent in the fourth quarter, exceeding $3.3 trillion, according to the Mortgage Bankers Association (MBA) analysis of the Federal Reserve Board Flow of Funds data. The fourth-quarter load of commercial/multifamily mortgage debt outstanding represented an increase of $84.6 billion from third-quarter 2007. Multifamily mortgage debt outstanding grew to $831 billion, an increase of $28.2 billion, or 3.5 percent, from the third quarter, which was the largest increase on record, 88 percent of which came from increases in the holdings of the government-sponsored enterprises (GSEs) and agency-and GSE-backed mortgage pools. "Fourth-quarter increases in the level of mortgage debt outstanding were driven by ...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.