Approaching $3 Trillion

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

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