Commercial mortgage-backed securities issuance rose in the second quarter of 2006, rebounding from a slowdown early this year following the record production level reached at the end of 2005. Ad-ditionally, commercial real estate defaults are down and analysts predict continued positive perform-ance for the rest of the year, except in New Orleans. CMBS issuance hit $53.2 billion in the second quarter, up 18 percent from the first three months...