{"id":1004524292,"date":"2021-04-26T23:52:50","date_gmt":"2021-04-27T07:52:50","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004524292"},"modified":"2021-05-19T11:07:36","modified_gmt":"2021-05-19T19:07:36","slug":"commercial-multifamily-mortgage-debt-rises-at-the-end-of-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/commercial-multifamily-mortgage-debt-rises-at-the-end-of-2020\/","title":{"rendered":"Commercial\/Multifamily Mortgage Debt Rises at the End of 2020"},"content":{"rendered":"

$ in billions<\/h2>\n
\"Source:<\/a>

Source: Mortgage Bankers Association<\/p><\/div>\n

Amidst the pandemic and led by multifamily lending, mortgage debt outstanding closed 2020 higher than the pre-pandemic levels seen at the end of 2019.<\/p>\n

That is according to MBA\u2019s recently released<\/a> Commercial\/Multifamily Mortgage Debt Outstanding report. In the final three months of 2020, total mortgage debt outstanding rose by 1.5 percent ($58.2 billion) compared to last year\u2019s third quarter, with all four major investor groups increasing their holdings. Multifamily mortgage debt grew by $41.8 billion (2.5 percent) to $1.69 trillion during the fourth quarter, and by $127.9 billion (8.2 percent) for the entire year.<\/p>\n

The level of commercial\/multifamily mortgage debt outstanding at the end of 2020 was $212 billion (5.8 percent) higher than at the end of 2019.<\/p>\n

Despite a fall-off in borrowing and lending during 2020, the total amount of commercial and multifamily mortgage debt outstanding increased during the year. Continuing the trend of previous quarters, growth in multifamily mortgage debt outpaced other property types, with increases in federally-backed mortgages from Fannie Mae, Freddie Mac, and FHA driving that growth. <\/p>\n

Commercial banks continue to hold the largest share (38 percent) of commercial\/multifamily mortgages at $1.5 trillion. Agency and GSE portfolios and MBS are the second largest holders of commercial\/multifamily mortgages, at $838 billion (22 percent of the total). Life insurance companies hold $580 billion (15 percent), and CMBS, CDO and other ABS issues hold $533 billion (14 percent).<\/p>\n

Strong appetites from all the major capital sources should keep growth going in 2021, but with key differences across property types.<\/p>\n

Jamie Woodwell is the Mortgage Bankers Association\u2019s vice president of commercial real estate research.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Amid the pandemic and led by multifamily lending, mortgage debt outstanding closed 2020 higher than the pre-pandemic levels seen at the end of 2019. <\/p>\n","protected":false},"author":1097,"featured_media":1004526599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753,51132],"tags":[34040],"class_list":["post-1004524292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance","category-newsletter-graph","tag-mortgage-bankers-association"],"acf":[],"yoast_head":"\nCommercial\/Multifamily Mortgage Debt Rises at the End of 2020 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/commercial-multifamily-mortgage-debt-rises-at-the-end-of-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commercial\/Multifamily Mortgage Debt Rises at the End of 2020\" \/>\n<meta property=\"og:description\" content=\"Amid the pandemic and led by multifamily lending, mortgage debt outstanding closed 2020 higher than the pre-pandemic levels seen at the end of 2019.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/commercial-multifamily-mortgage-debt-rises-at-the-end-of-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-27T07:52:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-19T19:07:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/521_MBA.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"588\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jamie Woodwell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/commercial-multifamily-mortgage-debt-rises-at-the-end-of-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/commercial-multifamily-mortgage-debt-rises-at-the-end-of-2020\\\/\"},\"author\":{\"name\":\"Jamie Woodwell\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/795abf0e25b0d2c173dd424630d1836f\"},\"headline\":\"Commercial\\\/Multifamily Mortgage Debt Rises at the End of 2020\",\"datePublished\":\"2021-04-27T07:52:50+00:00\",\"dateModified\":\"2021-05-19T19:07:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/commercial-multifamily-mortgage-debt-rises-at-the-end-of-2020\\\/\"},\"wordCount\":272,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/commercial-multifamily-mortgage-debt-rises-at-the-end-of-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/521_MBA.png\",\"keywords\":[\"Mortgage Bankers Association\"],\"articleSection\":[\"Finance (Research Center)\",\"Newsletter Graph\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/commercial-multifamily-mortgage-debt-rises-at-the-end-of-2020\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/commercial-multifamily-mortgage-debt-rises-at-the-end-of-2020\\\/\",\"name\":\"Commercial\\\/Multifamily Mortgage Debt Rises at the End of 2020 - 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