| 2004 | 2003 | 2002 | |
| ABS (Public and 144A) | 205,069 | 161,060 | 119,983 |
| ABS (Public and 144A excluding CDOs) | 182,945 | 152,442 | 108,419 |
| ABS (Public Only) | 165,715 | 133,935 | 98,062 |
| ABS (144A Only) | 39,355 | 27,124 | 21,921 |
| Non-Agency MBS | 66,600 | 83,166 | 52,798 |
| Agency MBS | 80,505 | 237,696 | 157,112 |
| CMBS | 19,968 | 18,918 | 12,443 |
| 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.
