| 2004 | 2003 | 2002 | |
| ABS (Public and 144A) | 427,760 | 308,091 | 253,800 |
| ABS (Public and 144A excluding CDOs) | 390,653 | 283,885 | 224,092 |
| ABS (Public Only) | 337,683 | 249,601 | 200,260 |
| ABS (144A Only) | 90,076 | 58,490 | 53,540 |
| Non-Agency MBS | 176,956 | 176,472 | 111,539 |
| Agency MBS | 191,797 | 404,390 | 277,333 |
| CMBS | 44,050 | 39,147 | 26,756 |
| Source: Thomson Financial | |||
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.
The investment will be sourced primarily from KKR's infrastructure and asset-based finance strategies.
The new Fed chair takes his seat for the first time but may find it was easier to be an outside critic than inside leader.
Navient will follow a sequential repayment structure, and no subordinate classes will receive any principal until the most senior outstanding class is paid in full.
Newly minted Federal Reserve Chair Kevin Warsh will host his inaugural press conference on Wednesday. Bankers will be paying close attention to what he says — and how he says it.
