(Source: Mortgage News Daily)
Three of the groups that most heavily
invest in commercial and multifamily mortgages increased their outstanding
balance of such debt in the first quarter of 2012 according to data released
this morning by the Mortgage Bankers Association (MBA). The level of all commercial/multifamily debt increased
by $8.1 billion or 0.3 percent to $2.373 trillion compared to a total in the
fourth quarter of 2011 of $2.365 trillion.
The multifamily portion of that debt now totals $818 billion, up $6.9
billion or 0.8 percent from the previous quarter total of $811.4 billion. Read more >>
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