Non-Prime MBS Issuance Almost Hit Zero in the Second Half of 2008, Little Expected in 2009
January 16, 2009
Issuance of non-prime mortgage-backed securities all but ground to a halt in the second half of 2008. The outlook for 2009 is more of the same as investors avoid the sector and lenders focus on higher-quality borrowers. Only $1.2 billion in non-prime MBS were issued during the... [Includes one graph]