Issuance of commercial mortgage-backed securities reached another record high in the second quarter of 2005, surging by $3.1 billion from the previous record – set in the first quarter – to $38.4 billion, according to a new analysis and ranking by Inside MBS & ABS. Year-to-date, CMBS issuance has already reached $73.7 billion, well above the $47.1 billion that was issued during the first half of last year, and the market in 2005 should easily… [Two data tables included]