| 2004 | 2003 | 2002 | |
| ABS (Public and 144A) | 188,538 | 141,026 | 111,092 |
| ABS (Public and 144A excluding CDOs) | 167,341 | 133,662 | 100,458 |
| ABS (Public Only) | 154,189 | 118,297 | 90,807 |
| ABS (144A Only) | 34,349 | 22,729 | 20,284 |
| Non-Agency MBS | 59,890 | 79,988 | 51,295 |
| Agency MBS | 80,505 | 219,571 | 135,436 |
| CMBS | 16,270 | 16,553 | 11,100 |
| 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.
