Non-Agency MBS Market Rallies in Second Quarter, Hits Third Highest Volume Ever
July 14, 2006
The non-agency MBS market rebounded strongly from a somewhat sluggish opening quarter in 2006, with new issuance climbing 6.0 percent during the second quarter, according to a new market analysis and ranking based on the Inside Mortgage Finance MBS Database. New production of non-agency MBS topped the $300 billion mark during the second quarter, making it only the third time the market has hit that volume during a three-month period. That brought year-to-date issuance to… [Three data tables included]