Agency multifamily MBS programs accounted for 72.2% of total commercial mortgage securitization in 2020, their most dominant share since the immediate aftermath of the financial crisis.
“The offering consists of 9.41 million shares of common stock being sold by loanDepot and 5.59 million shares of common … being sold by certain funds managed by Parthenon Capital Partners,” the firm said.
The market produced $42.61 billion of new ABS in the fourth quarter, a 38.7% decline from the previous three-month period. That brought year-to-date issuance to $202.02 billion, down 11.0% from 2019.
The number of Ginnie Mae loans in forbearance came in at 7.61%, down 6 bps for the week while the Fannie Mae/Freddie Mac tally declined to 3.11%, a 2 bp improvement.