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WASHINGTON, DC-During the second quarter of the year, outstanding commercial and multifamily mortgage debt showed an increase of 3.1%, or $72.5 billion, over the first quarter's numbers, the Mortgage Bankers Association reports. It bases its conclusion on data from the Federal Reserve Board Flow of Funds.

Last quarter's jump came close to equaling the standing quarterly increase record, which is $72.9 million. The total amount of debt, as of June 30, now stands at $2.4 trillion.

"Commercial banks and the commercial mortgage-backed securities markets have been leading the charge in channeling capital into commercial and multifamily mortgages" says Doug Duncan, MBA chief economist and senior vice president of research and business development. He notes that this "sustained investment" in record levels across the board.

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