Feeble Fourth Quarter Sends CMBS Issuance to 11-Year Low (IMA)
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Product Details
Securitization of retail-property loans and hotel mortgages saw volume gains in the fourth quarter, but non-agency CMBS issuance was down 46.3% in 2023. Agency multifamily MBS held up slightly better, recording a 38.0% decline from 2022. (Includes two data tables.)