| 2017 | 2016 | 2015 | |
|---|---|---|---|
ABS (Public + 144A) | 82,575.6 | 55,922.1 | 89,419.9 |
| ABS (Public + 144A excluding CDOs) | 68,245.3 | 48,061.8 | 63,537.6 |
| ABS (Public Only) | 35,173.2 | 23,372.6 | 37,010.2 |
| ABS (144A Only) | 47,402.4 | 32,372.6 | 52,409.7 |
| Non-Agency MBS | 25,609.9 | 21,277.2 | 47,423.0 |
| Agency MBS | 71,968.5 | 75,537.5 | 55,140.5 |
| CMBS | 33,052.6 | 34,790.6 | 38,362.0 |
| Source: Thomson Reuters | |||
Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%.
The transaction's pool includes roughly 2.4 million square feet of office space, or 94.6% of the total, on the first through 60th floors.
Non-prime loans comprise 72% of mortgages backing CROSS 2026-NQM10 Mortgage Trust, with most of them fixed-rate.
The Bureau of Economic Analysis reported that the personal consumption expenditures, or PCE, price index rose 3.7% from a year earlier, indicating that inflation remains above the Federal Reserve's target.
The product expansion comes at a time when not just non-agency issuance is expected to have a record year, but other lenders are getting into wholesale.
The $665 million loan is secured by close to 4,000 multifamily units across five states. California properties account for over half of the portfolio's value.
