| 2004 | 2003 | 2002 | |
| ABS (Public and 144A) | 98,312 | 79,339 | 51,195 |
| ABS (Public and 144A excluding CDOs) | 92,536 | 74,742 | 45,786 |
| ABS (Public Only) | 82,162 | 67,866 | 41,604 |
| ABS (144A Only) | 16,150 | 11,473 | 9,591 |
| Non-Agency MBS | 35,986 | 45,802 | 26,985 |
| Agency MBS | 36,208 | 155,916 | 76,225 |
| CMBS | 7,128 | 5,612 | 5,427 |
| 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.
