Agency-Backed REMIC Production Slowed in 3rd Quarter, More Underwriting Up for Grabs
October 3, 2008
Issuance of new real estate mortgage investment conduits backed by agency MBS fell sharply in the third quarter as the overall MBS market cooled. A total of $33.92 billion of new agency-backed REMICs were issued during the third quarter, down 35 percent from the previous period. That brought year-to-date issuance to $134.88 billion at... [Includes two charts and one graph]