| 2003 | 2002 | 2001 | |
| ABS (Public and 144A) | 393,564 | 318,527 | 270,746 |
| ABS (Public and 144A excluding CDOs) | 366,289 | 282,274 | 235,793 |
| ABS (Public Only) | 323,890 | 253,014 | 201,866 |
| ABS (144A Only) | 69,675 | 65,513 | 68,880 |
| Non-Agency MBS | 234,516 | 170,898 | 129,867 |
| Agency MBS | 427,452 | 386,700 | 226,260 |
| CMBS | 50,020 | 35,761 | 44,928 |
| 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.
