| 2017 | 2016 | 2015 | |
|---|---|---|---|
ABS (Public + 144A) | 70,439.7 | 50,470.2 | 83,771.0 |
| ABS (Public + 144A excluding CDOs) | 62,298.4 | 42,976.8 | 59,774.7 |
| ABS (Public Only) | 32,916.9 | 21,976.8 | 35,380.6 |
| ABS (144A Only) | 37,522.8 | 28,945.5 | 48,390.4 |
| Non-Agency MBS | 25,396.7 | 20,947.1 | 41,209.4 |
| Agency MBS | 69,936.7 | 66,915.0 | 53,287.1 |
| CMBS | 31,736.2 | 33,477.6 | 32,443.4 |
| 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.
