Commercial MBS Issuance Surges in Final Lap Of 2002, Brings Market to Nearly $70 Billion
January 24, 2003
Commercial mortgage-backed securities issuance rebounded solidly in the fourth quarter of 2002, raising annual production to $69.9 billion, the second best year ever. Last year’s total CMBS issuance was off just 3.5 percent from the record $72.4 billion brought to market in all of 2001. Given the sluggish pace of the U.S. economy and feared consequences of a lack of