Commercial, multifamily mortgage debt rises to $3.4 trillion

The level of commercial/multifamily mortgage debt outstanding grew by 1.8 percent in the first quarter, to $3.4 trillion, according to the Mortgage Bankers Association (MBA) analysis of the Federal Reserve Board Flow of Funds data.

The first-quarter load of mortgage debt outstanding represented an increase of $60.8 billion from fourth-quarter 2007. Multifamily mortgage debt outstanding grew to $856 billion, an increase of $18.5 billion, or 2.2 percent, from the fourth quarter.

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