Commercial MBS Production Drops Sharply in Third Quarter; Analysts Say Outlook is Cloudy
November 8, 2002
New issuance of commercial mortgage-backed securities tumbled 34 percent during the third quarter to $14.79 billion, according to a new Inside MBS & ABS analysis. The CMBS market had one of its best quarters ever during the second quarter of this year, when $22.5 billion in new transactions were brought to market. While the market couldn’t be expected to sustain that level