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Global CMBS Increases, RMBS Down

For year-to-date in 2011, global CMBS volume is currently at $11.2 billion comprising 12 deals, according to Dealogic.

This is an increase of 64% from the same period last year. This is also the second straight year-to-date period rise, but it is still off from the record volume of $106.7 billion seen in 2007 year-to-date. 

Meanwhile, the 2011 year-to-date global RMBS volume at $177.3 billion, according to Dealogic, dipped 17% versus the same period last year at $213.9 billion.

CMBS

The biggest CMBS deal in 2011 year-to-date is Deutsche Bank's, UBS' and Ladder Capital's DBUBS 2011-LC1 for $2.1 billion from Feb. 8. The eight-tranche deal had coupons from 3.742%-5.557%. The lead banks on the transaction were Deutsche Bank Securities and UBS, Dealogic reported.

JPMorgan leads the 2011 year-to-date global CMBS bookrunner ranking with a 17.2% market share, Dealogic reported. The bank was followed by Deutsche Bank (with a 15.5% share of the market) and Bank of America Merrill Lynch (with an 11.6% share of the market).

RMBS 

The U.S. has the highest versus all nations for RMBS volume with $178.3 billion in year-to-date this year, which is on par with 2010 year-to-date at $174.7 billion, Dealogic reported.

Japan is second with $15.6 billion, increasing 225% from fifth place this time in 2010.

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