CMBS Volume Up 14%
October 8, 2014 |
U.S. commercial MBS issuance surged in the third quarter, putting the sector on track to exceed last year’s total, although activity is still likely to fall shy of the $100 billion mark.
Some $28 billion of CMBS priced in the U.S. from July to September, the highest quarterly total since 2007. That far eclipsed the $20.4 billion average in the first two quarters and lifted nine-month issuance to $68.9 billion. The total was up 14% from a year earlier, reversing an 8% decline in the first half.