Commercial, multifamily mortgage debt grows to new high 

The level of commercial/multifamily mortgage debt outstanding grew by 2.8 percent in the third quarter, exceeding $3.2 trillion, which is a record, according to the Mortgage Bankers Association analysis of the Federal Reserve Board Flow of Funds data.

The $3.22 trillion in commercial/multifamily mortgage debt outstanding recorded by the Federal Reserve was an increase of $87.7 billion from the second quarter 2007, MBA reported.

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