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.