Skip to main content

MBA: Q3 Rise in Commercial/Multifamily Mortgage Debt Outstanding

Dec 12, 2017
The outstanding debt on commercial and multifamily mortgages increased by $45.4 billion, or 1.5 percent, to $3.11 trillion in the third quarter from the second quarter

The outstanding debt on commercial and multifamily mortgages increased by $45.4 billion, or 1.5 percent, to $3.11 trillion in the third quarter from the second quarter, according to new data from the Mortgage Bankers Association (MBA). In a separate measurement, the MBA added that the multifamily mortgage debt outstanding rose to $1.2 trillion, an increase of $24.9 billion, or 2.1 percent, from the second of quarter.
 
Commercial banks held the largest share of commercial/multifamily mortgages ($1.3 trillion, or 40 percent of the total), followed by agency and government-sponsored enterprise portfolios and mortgage-backed securities ($573 billion, or 18 percent), life insurance companies ($454 billion, or 15 percent), and commercial mortgage-backed securities (CMBS), collateralized debt obligations and asset-backed securities issues ($431 billion, or 14 percent).
 
MBA Vice President of Commercial Real Estate Research Jamie Woodwell noted that the balance of CMBS, which has declined on a quarterly basis with only a few exceptions since 2008, recorded its greatest increase in outstanding debt in a decade.
 
“With the so-called ‘wall of maturities’ behind us, and a vibrant market for new originations, we are once again seeing more new loans being originated for CMBS than we are seeing in old loans paying off and paying down,” Woodwell said. “The result is the largest increase in outstanding CMBS mortgages since the end of 2007.”

 
About the author
Published
Dec 12, 2017
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024