| 2017 | 2016 | 2015 | |
|---|---|---|---|
ABS (Public + 144A) | 107,855.5 | 71,214.0 | 114,442.6 |
| ABS (Public + 144A excluding CDOs) | 82,923.0 | 60,236.5 | 80,791.0 |
| ABS (Public Only) | 40,877.7 | 27,512.2 | 45,416.6 |
| ABS (144A Only) | 67,008.1 | 43,701.8 | 69,026.1 |
| Non-Agency MBS | 31,171.8 | 27,154.1 | 52,740.4 |
| Agency MBS | 91,272.3 | 96,200.5 | 74,342.4 |
| CMBS | 39,445.7 | 42,252.3 | 41,668.5 |
| Source: Thomson Reuters | |||
Non-prime loans comprise 72% of mortgages backing CROSS 2026-NQM10 Mortgage Trust, with most of them fixed-rate.
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.
The offering is backed by 1,902 first-lien residential mortgage loans, including both fixed- and adjustable-rate mortgages across prime and non-prime borrowers.
Price gains slowed to a crawl from May to June, specifically in the West, but Central and East Coast regions showed steady year-over-year gains.
With new ownership in place, securitization matches the financing needs of the firm's legacy, multi-tenant projects.
