| 2004 | 2003 | 2002 | |
| ABS (Public and 144A) | 150,845 | 121,339 | 99,613 |
| ABS (Public and 144A excluding CDOs) | 134,225 | 115,104 | 90,735 |
| ABS (Public Only) | 123,719 | 104,380 | 81,926 |
| ABS (144A Only) | 27,126 | 16,959 | 17,688 |
| Non-Agency MBS | 41,804 | 63,234 | 40,478 |
| Agency MBS | 46,451 | 215,452 | 127,204 |
| CMBS | 10,773 | 11,957 | 9,170 |
| 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.
