Commercial MBS Issuance Picks Up in 2nd Quarter; Deals Win High Grades Despite Sluggish Economy
July 25, 2003
New production of commercial mortgage-backed securities gathered momentum during the second quarter, with $18.51 billion in new issuance coming to market, according to a new analysis by Inside MBS & ABS. The uptick in issuance during the second quarter represented a 9.3 percent gain over CMBS production in the first three months of this year, when $16.93 billion was issued.