Skip to main content

Q2 Commercial and Multifamily Mortgage Debt Tops $3T

Phil Hall
Sep 27, 2017
Moody’s Analytics has launched the Real Estate Information Services (REIS) Network

Total commercial and multifamily mortgage debt outstanding reached $3.06 trillion at the end of the second quarter, according to Mortgage Bankers Association (MBA)’s latest Commercial/Multifamily Mortgage Debt Outstanding report.
During the second quarter, the total level of commercial and multifamily mortgage debt outstanding increased by $48.7 billion, or 1.6 percent, over the first quarter. Multifamily mortgage debt outstanding rose to $1.2 trillion in the second quarter, which was $21.7 billion, or 1.8 percent, above the first quarter.
Commercial banks held the largest share of commercial/multifamily mortgages, $1.2 trillion, or 41 percent of the total, while agency and government-sponsored enterprise (GSE) portfolios and mortgage-backed securities were the second largest holders at $553 billion, or 18 percent of the total and life insurance companies held $448 billion, or 15 percent of the total. Commercial mortgage-backed securities (CMBS), collateralized debt obligations and other asset-backed securities issues held $428 billion, or 14 percent of the total.
“The amount of commercial and multifamily mortgage debt outstanding ticked up during the second quarter,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “At the same time, the balance of loans in CMBS continued its decline, with more loans being paid off and down than new loans being originated. This may be one of the last quarters of this long-term trend, as the 10-year loans that were made in 2006 and 2007 have now almost all matured, and there are relatively few CMBS maturities during the remainder of 2017 and 2018.”

Sep 27, 2017
Nominations Open For Industry Titans Award

NMP Magazine to honor people who represent industry with professionalism.

Industry News
Sep 23, 2022
Fidelity National Names New HR Chief

Melissa Circelli previously held same position at Black Knight.

Industry News
Sep 23, 2022
Ruoff Mortgage Lays Off Nearly 5% Of Staff

Company announced the layoffs Sept. 16, citing 'economic conditions.'

Sep 21, 2022
SPS Acquires Rushmore Loan Management Services

The acquisition will include hiring Rushmore servicing personnel and assuming Rushmore servicing contracts.

Industry News
Sep 19, 2022
Fannie Mae Names New EVP, Chief Risk Officer

Former Morgan Stanley exec has nearly 30 years of risk management experience.

Industry News
Sep 15, 2022
Planet Home Lending Expands Operations In N.Y.

Mortgage vets Michael Cabales and Mike Titiyevsky to lead expansion effort in NYC metro area.

Industry News
Sep 13, 2022