Commercial MBS Issuance Rebounds in 2nd Quarter, Solid Year Expected
July 26, 2002
Production levels rose appreciably in the commercial mortgage-backed securities market during the second quarter of 2002, lifting year-to-date issuance up to $27.8 billion and raising analysts’ expectations about the market. “We originally estimated 2002 issuance would be down 30 percent from last year,” said Kim Diamond, managing director of CMBS at Standard & Poor’s, in a recent report. “However, it now appears that volume will