However the overall amount of mortgage debt outstanding that isbacked by commercial/multifamily properties has remained relativelyunchanged due to increased holdings by banks and thrifts and theGSEs, according to a statement by Jamie Woodwell, MBA's vicepresident of Commercial Real Estate Research.
While the top line numbers from the Fed reflect a drop in theholdings of banks and thrifts, once construction loans areexcluded, this group actually increased its holdings of loansbacked by commercial and multifamily properties.
"Coupled with increases in the holdings of multifamily mortgagesby Fannie Mae and Freddie Mac, and decreases in the balancesbacking commercial mortgage-backed securities, the overall amountof mortgage debt outstanding backed by commercial/multifamilyproperties remained relatively unchanged," he said.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
