Mortgage Securitization Volume Squeaks Ahead In Second Quarter, ABS Market Rebounds
July 7, 2006
The pace of new mortgage-securities issuance lurched ahead slightly in the second quarter, sending 2006 production over the $1 trillion mark at the halfway point of the year, according to a new market analysis by Inside MBS & ABS. While the non-agency MBS arena continued to lead the way, both Fannie Mae and Ginnie Mae posted solid gains in volume during the quarter, and the non-mortgage ABS market enjoyed a big bump in new issuance. … [Two data tables included]