| 2004 | 2003 | 2002 | |
| ABS (Public and 144A) | 118,734 | 91,536 | 67,294 |
| ABS (Public and 144A excluding CDOs) | 111,584 | 86,637 | 60,247 |
| ABS (Public Only) | 100,920 | 78,508 | 55,296 |
| ABS (144A Only) | 17,815 | 13,027 | 11,998 |
| Non-Agency MBS | 35,028 | 47,627 | 28,172 |
| Agency MBS | 39,158 | 156,254 | 92,078 |
| CMBS | 8,255 | 6,909 | 6,614 |
| 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.
