Total multifamily mortgage debt outstanding rose 2.4% to $1 trillion at the end of the second quarter, according to the Mortgage Bankers Association.
Total outstanding commercial and multifamily mortgage debt rose 1.4% to $2.72 trillion, on a quarterly basis, the
Jamie Woodwell, vice president for commercial real estate research at the MBA, attributed the increase to rising property values.
Commercial banks held the largest share of commercial and multifamily mortgages, with 37% of the total. Commercial mortgage-backed securities, collateralized debt obligations and other asset-backed securities held the second-highest amount, with 20%. Federal agencies and government-sponsored enterprises had the third-highest at 14%.
