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Fitch: U.S. Life Insurance - U.S. Life Insurers Facing Heated Commercial Mortgage Market

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CHICAGO--(BUSINESS WIRE)--Investment in mortgages grew 6.0% in 2014 to $350 billion for life insurers in the Fitch Ratings' universe, an increase over the prior-year growth rate of 4.4%, according to a new report published by Fitch. While commercial mortgages were the dominant type of new mortgage, net growth in multifamily mortgages was especially strong in 2014. Commercial properties accounted for 78% of mortgage portfolios, followed by multifamily mortgages at 12%. Mortgages continued their

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