| 2003 | 2002 | 2001 | |
| ABS (Public and 144A) | 50,006 | 39,418 | 31,949 |
| ABS (Public and 144A excluding CDOs) | 47,348 | 38,095 | 28,692 |
| ABS (Public Only) | 40,114 | 34,345 | 25,639 |
| ABS (144A Only) | 9,893 | 5,074 | 6,310 |
| Non-Agency MBS | 14,655 | 19,111 | 11,494 |
| Agency MBS | 11,552 | 121,734 | 41,854 |
| CMBS | 1,962 | 2,775 | 946 |
| 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.
