| 2003 | 2002 | 2001 | |
| ABS (Public and 144A) | 277,044 | 231,988 | 192,552 |
| ABS (Public and 144A excluding CDOs) | 260,802 | 203,706 | 166,342 |
| ABS (Public Only) | 232,496 | 183,060 | 139,772 |
| ABS (144A Only) | 44,548 | 48,928 | 52,780 |
| Non-Agency MBS | 168,217 | 108,740 | 89,671 |
| Agency MBS | 323,471 | 251,853 | 129,870 |
| CMBS | 36,226 | 23,996 | 29,792 |
| Source: Thomson Financial | |||
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
The bank is following in the footsteps of Goldman Sachs, which made a similar move in April.
The A1A through A1-LCF tranches are expected to offer coupons of 5.84%, while mezzanine and subordinate coupons include 6.58% and 6.64%.
A potential end to the Iran War could lead to economic recovery, suggesting sub-6% rates may be far off as monetary policy discussions take a hawkish tone.
The decline in non-owner occupied acquisitions came as sales fell overall due to high mortgage rates and bad winter weather in the Northeast, BatchData said.
All the loans are interest-only during both their initial and extension terms, but third-party secured overnight financing rate (SOFR) cap agreements provide interest rate protection.
