US commercial and multi-family mortgage debt remains steady at $2.4 trillion
The level of US commercial and multi-family mortgage debt outstanding remained steady at $2.4 trillion in the first quarter of 2011, decreasing by only 0.1 percent, or $3 billion, from the fourth quarter of 2010, according to the Mortgage Bankers Association's analysis of the Federal Reserve Board Flow of Funds data.
Canadian mortgage debt for the first time has surpassed $1 trillion, according to the sixth Annual State of the Residential Mortgage Market report from the Canadian Association of Accredited Mortgage Professionals released today.