| 2003 | 2002 | 2001 | |
| ABS (Public and 144A) | 356,704 | 289,107 | 247,125 |
| ABS (Public and 144A excluding CDOs) | 331,504 | 254,801 | 214,972 |
| ABS (Public Only) | 292,294 | 227,737 | 182,518 |
| ABS (144A Only) | 64,410 | 61,370 | 64,607 |
| Non-Agency MBS | 216,914 | 149,652 | 124,961 |
| Agency MBS | 427,300 | 333,370 | 184,024 |
| CMBS | 47,737 | 33,329 | 43,337 |
| 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.
