Skip to main content

$3.18T in Commercial/Multifamily Mortgage Debt Outstanding in 2017

Mar 20, 2018

Commercial/multifamily mortgage debt outstanding reached $3.18 trillion at the end of 2017, a 6.7 percent increase from the $200.3 billion level reached one year earlier, according to the Mortgage Bankers Association (MBA).
 
The mortgage debt outstanding for this sector was $73.6 billion during the fourth quarter of last year, up 2.4 percent from the third quarter. Multifamily mortgage debt outstanding rose to $1.26 trillion, an increase of $41.6 billion, or 3.4 percent, from the third of quarter.
 
Commercial banks held the largest share of commercial/multifamily mortgages last year with $1.3 trillion, or 40 percent of the total, followed by agency and government-sponsored enterprise (GSE) portfolios and mortgage-backed securities (MBS) holding $606 billion, or 19 percent. Life insurance companies held $468 billion, or 15 percent, and commercial mortgage-backed securities (CMBS), collateralized debt obligations (CDO) and other asset-backed securities (ABS) issues held $441 billion, or 14 percent.
 
Looking solely at multifamily mortgages, agency and GSE portfolios and MBS held the largest share in 2017 with $606 billion, or 48 percent, followed by commercial banks with $404 billion, or 32 percent. State and local governments held $94 billion, or 8 percent, life insurance companies held $73 billion, or 6 percent, CMBS, CDO and other ABS issues held $43 billion, or 3 percent, and nonfarm non-corporate business held $14 billion, or 1 percent.
About the author
Published
Mar 20, 2018
Fed Holds Rates Steady As Economic Growth Stays Solid

Move comes amid mounting pressure, frustration from President Trump

Guild Mortgage To Go Private In $1.3B Deal With Bayview Asset Management

Guild to remain independent post-acquisition, strengthening national retail and servicing strategy

Jun 18, 2025
Rocket Pro And Vetted VA Join Forces

What started as a Facebook group now educates 100K+ veterans monthly — Vetted VA and Rocket Pro working to bring ethics, clarity to a broken system

Jun 17, 2025
MBA Urges Shift To Single Credit Report Model, Citing Cost Savings And Efficiency

MBA says tri-merge credit checks cost lenders up to $100 per loan, doubling since pre-COVID, as industry pushes for a cheaper, single-report model

Jun 16, 2025
Fairway Acquires Hallmark Home Mortgage Through Asset Purchase

Hallmark to become new Fairway division, gets access to Fairway's Fairway's product portfolio, tech, and support resources

Jun 13, 2025
Trigger Leads Bill Clears Senate

Final push now left to House; reconciled bill needed next