The Real Deal Miami

Commercial mortgage debt decreased in Q2

September 24, 2009 11:21AM

The amount of outstanding commercial and multi-family mortgage debt nationwide decreased in the second quarter of this year, to $3.47 trillion, marking a $9.9 billion decline from the previous quarter, according to a Mortgage Bankers Association analysis of the Federal Reserve Board data. Most commercial mortgage-backed securities investor groups saw a reduction in their commercial and multi-family mortgage holdings, Jamie Woodwell, MBA vice president of commercial real estate research, said in a press release, while Fannie Mae and Freddie Mac increased their multi-family mortgage holdings. TRD