| 2003 | 2002 | 2001 | |
| ABS (Public and 144A) | 285,168 | 241,289 | 199,984 |
| ABS (Public and 144A excluding CDOs) | 268,113 | 212,491 | 172,930 |
| ABS (Public Only) | 237,397 | 191,418 | 145,933 |
| ABS (144A Only) | 47,772 | 49,872 | 54,051 |
| Non-Agency MBS | 174,538 | 109,375 | 90,426 |
| Agency MBS | 323,911 | 267,928 | 142,582 |
| CMBS | 36,246 | 23,996 | 30,547 |
| 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.
