| 2017 | 2016 | 2015 | |
|---|---|---|---|
ABS (Public + 144A) | 43,181.1 | 42,053.2 | 69,867.1 |
| ABS (Public + 144A excluding CDOs) | 42,820.1 | 36,994.6 | 51,111.4 |
| ABS (Public Only) | 19,731.7 | 19,369.7 | 30,369.3 |
| ABS (144A Only) | 23,449.4 | 22,683.5 | 39,497.7 |
| Non-Agency MBS | 12,888.2 | 15,666.6 | 32,220.9 |
| Agency MBS | 48,384.5 | 45,971.8 | 30,673.8 |
| CMBS | 21,922.3 | 23,915.5 | 24,930.9 |
| Source: Thomson Reuters | |||
Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%.
The transaction's pool includes roughly 2.4 million square feet of office space, or 94.6% of the total, on the first through 60th floors.
Non-prime loans comprise 72% of mortgages backing CROSS 2026-NQM10 Mortgage Trust, with most of them fixed-rate.
The Bureau of Economic Analysis reported that the personal consumption expenditures, or PCE, price index rose 3.7% from a year earlier, indicating that inflation remains above the Federal Reserve's target.
The product expansion comes at a time when not just non-agency issuance is expected to have a record year, but other lenders are getting into wholesale.
The $665 million loan is secured by close to 4,000 multifamily units across five states. California properties account for over half of the portfolio's value.
