The total amount of outstanding mortgage debt on commercial real estate ended 2006 just under $3 trillion and was up $340 billion from the end of 2005.

MORTGAGE DEBT OUTSTANDING
2006 Q4 ($millions) % of total 2005 Q4 ($millions) % of total
Commercial banking 1,297,428 43.90% 1,136,281 43.40%
CMBS, CDO and other ABS issues 629,769 21.30 522,049 19.90
Life insurance companies 284,114 9.60 266,698 10.20
Savings institutions 203,631 6.90 197,142 7.50
Agency- and GSE-backed mortgage pools 139,777 4.70 129,876 5.00
Government-sponsored entities 79,712 2.50 76,827 2.90
State and local government 72,712 2.50 69,896 2.70
Federal government 63,720 2.20 60,162 2.30
Finance companies 59,215 2.00 51,564 2.00
REITs 33,862 1.10 24,868 0.90
Nonfinancial corporate business 28,678 1.00 27,664 1.10
Nonfarm noncorporate business 23,133 0.80 21,014 0.80
State and local government retirement funds 12,820 0.40 12,415 0.50
Household sector 12,789 0.40 12,055 0.50
Private pension funds 8,060 0.30 8,433 0.30
Other insurance companies 2,985 0.10 2,730 0.10
Total 2,952,438 2,619,674
Source: Mortgage Bankers Association, Flow of Duns Accounts, Federal Reserve Board of Governors