{"id":1004744103,"date":"2025-01-24T01:00:00","date_gmt":"2025-01-24T09:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004744103"},"modified":"2025-01-27T06:40:02","modified_gmt":"2025-01-27T14:40:02","slug":"commercial-and-multifamily-mortgage-debt-outstanding-increased-47-7-billion-in-third-quarter-of-2024","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/commercial-and-multifamily-mortgage-debt-outstanding-increased-47-7-billion-in-third-quarter-of-2024\/","title":{"rendered":"Commercial and Multifamily Mortgage Debt Outstanding Increases"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/0225_CPE_MBA.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"588\" data-attachment-id=\"1004744104\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/commercial-and-multifamily-mortgage-debt-outstanding-increased-47-7-billion-in-third-quarter-of-2024\/0225_cpe_mba\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/0225_CPE_MBA.jpg\" data-orig-size=\"800,588\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0225_CPE_MBA\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/0225_CPE_MBA.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/0225_CPE_MBA.jpg?w=800\" alt=\"Commercial\/multifamily mortgage debt issued in Q3 2024\" class=\"wp-image-1004744104\" style=\"width:550px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/0225_CPE_MBA.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/0225_CPE_MBA.jpg?resize=300,221 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/0225_CPE_MBA.jpg?resize=768,564 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: MBA<\/figcaption><\/figure><\/div>\n\n\n<p>The level of commercial\/multifamily mortgage debt outstanding increased by $47.7 billion (1.0 percent) in the third quarter of 2024, according to the Mortgage Bankers Association\u2019s latest Commercial\/Multifamily Mortgage Debt Outstanding quarterly report, released recently.<\/p>\n\n\n\n<p>Total commercial\/multifamily mortgage debt outstanding rose to $4.75 trillion at the end of the third quarter. Multifamily mortgage debt alone increased $29.8 billion (1.4 percent) to $2.12 trillion from the second quarter of 2024.<\/p>\n\n\n\n<p>Every major capital source for commercial mortgage debt increased its holdings of mortgages during the third quarter of 2024. Life insurance companies led the way, accounting for 44 percent of the quarterly increase and boosting their commercial mortgage holdings by nearly 3 percent. That increase contrasts with banks, which grew their balances of CRE mortgages during the quarter by only 0.3 percent. For the ninth quarter in a row, aggregate balances backed by multifamily properties increased more than those backed by other property types.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/a-new-dawn-for-cre-investing\/\">A New Dawn for CRE Investing?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Commercial banks continue to hold the largest share (38 percent) of commercial\/multifamily mortgages at $1.8 trillion. Agency and GSE portfolios and MBS are the second-largest holders of commercial\/multifamily mortgages (22 percent) at $1.03 trillion. Life insurance companies hold $757 billion (16 percent), and CMBS, CDO and another other ABS issues hold $619 billion (13 percent). Many life insurance companies, banks and the GSEs purchase and hold CMBS, CDO and other ABS issues. These loans appear in the report in the \u201cCMBS, CDO and other ABS\u201d category.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-changes-in-commercial-multifamily-mortgage-debt-outstanding\">Changes in commercial\/multifamily mortgage debt outstanding<\/h2>\n\n\n\n<p>In the third quarter, life insurance companies saw the largest gains in dollar terms in their holdings of commercial\/multifamily mortgage debt, with an increase of $21.2 billion (2.9 percent). Agency and GSE portfolios and MBS increased their holdings by $12.3 billion (1.2 percent), CMBS, CDO and other ABS issues increased their holdings by $9.6 billion (1.6 percent), and bank and thrifts increased their holdings by $6.1 billion (0.3 percent).<\/p>\n\n\n\n<p>In percentage terms, life insurance companies saw the largest increase, reaching 2.9 percent, in their holdings of commercial\/multifamily mortgages. Conversely, private pension funds saw their holdings decrease 8.8 percent.<\/p>\n\n\n\n<p>\u2014Posted on January 24, 2025<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the latest MBA data on the major sources of capital.<\/p>\n","protected":false},"author":3703,"featured_media":1004744104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753,23891,21742,37749,51037],"tags":[47726],"class_list":["post-1004744103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance","category-national","category-latest","category-research-center-cpe","category-trends","tag-mortgage-bankers-assocation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Commercial and Multifamily Mortgage Debt Outstanding Increases - 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