Mba: Commercial/Multifamily Mortgage Debt Outstanding Declines by 2.8 Percent in 2009 (Commercial) (Mortgage Bankers Association)
Mortgage Banking 2010, April
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Commercial/multifamily mortgage debt outstanding decreased by 1.7 percent in the fourth quarter, to $3.4 trillion, according to the Mortgage Bankers Association (MBA). On a year-over-year basis, the level of mortgage debt outstanding at the end of 2009 fell by 2.8 percent, to $99 billion. The MBA analysis of Federal Reserve Board Flow of Funds data said declines were driven by drops in commercial and multifamily mortgages held in commercial mortgage-backed securities (CMBS) and construction loans held by banks and thrifts.