In a first, multifamily loans grew to more than $2 trillion in the third quarter, according to data from Trepp.

Multifamily loan volume was up 9.3% over last year, or $170.8 billion. Volume from GSEs Fannie Mae and Freddie Macincreased by $106.1 billion while the rest of the increase owed to a 17.6% uptick in multifamily loan inventory for banks and thrifts, a 19.2% increase in inventory held by securitization vehicles, and and 8.1% increase in loans held by life insurance companies.

The Trepp analysis shows the banks and thrifts held a $262.41 billion, or 10.4%, increase in their total commercial mortgage holdings, to $2.78 trillion, a figure that equals just more than 50%. of outstanding commercial real estate loan inventory in the US.  However, CMBS trusts and other securitization vehicles had the most significant increase on a percentage basis, ticking up 15.58%, or $106.1 billion, to $786.9 billion.