The MBA analysis summarizes both loan holdings and securitized loans. Reporting of commercial and multifamily mortgage debt has been recently improved by the MBA. It now excludes some categories of loans that were previously included in the data. Specifically, loans collateralized by owner-occupied commercial properties and loans for acquisition, development and construction are no longer included in the MBA reporting. The exclusion of these loan types allows the MBA to more accurately report the balance of loans outstanding for income-producing properties such as apartment building, retail centers, and office buildings. The largest number of commercial/multifamily mortgages continue to be held by commercial banks who hold $815 billion or 34% of all commercial/multifamily mortgages. A further $555 or 23% are held by ABS, CDO, and CMBS issues. An additional $360 billion, or 15% are held in GSE portfolios and MBS, while life insurance companies hold $320 billion or 14% of the total.
Regarding the holding of commercial/multifamily mortgage debt, the 2nd quarter of 2012 saw ABS, CDO, and CMBS issues reduce their holdings by $19.8 billion or 3.4% of the total. This was the largest decrease of any sector. Finance companies decreased their holdings by an additional $5.1 billion or 8.4%. On the flip side, MBS and GSE portfolios increased their holdings by $7.1 billion or 2.0%.