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Commercia

Commercial/Multifamily Mortgage Debt Outstanding Declines Fueled by Drop in CMBS Loans

WASHINGTON, DC - September 24, 2012 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased by $10.4 billion, or 0.4 percent, in the second quarter of 2012, as the balance of loans in CMBS, CDO and other ABS issues continued to decline, according to the Mortgage Bankers Association (MBA).

Recent Gov & Nonprofit Real Estate Press Releases

Rep. Kelly on frozen funds for Red Line Extension project

U.S. Rep. Robin Kelly (IL-02) strongly condemned the withholding of federal funds for Chicago infrastructure projects, which includes $1.9 billion she secured for the Red Line Extension project to build the first CTA stop in the Second District.