Meanwhile,
CMBS issuance volume has remained tepid despite a recent surge.
Not exact matches
U.S.
CMBS issuance reached $ 21.2 billion in the second quarter of 2017, according to research firm Trepp LLC — more than doubling the
volume achieved in the first quarter of the year.
Of course, that's only about 10 percent of the
volume of
CMBS issuance before the market fell apart in 2007, but don't count
CMBS out.
With U.S.
CMBS issuance surpassing $ 85 billion in 2013, many industry insiders expect that lending
volumes will reach the $ 110 to $ 120 billion range in 2014, while underwriting standards will remain relatively stringent.
That would put 2012's non-agency
CMBS volume on par with 2011's $ 32.9 billion, but fall $ 15 to $ 20 billion short of earlier expectations, according to Ken Cheng, managing director for
CMBS new
issuance ratings with Horsham, Pa. - based Morningstar Credit Ratings LLC.
According to respondents, lower transactions
volumes are likely to be accompanied by a subdued
issuance of commercial mortgage - backed securities (
CMBS).