Citi Ends Lull in Jumbo MBS Issuance, But 2013 Expected to End Quietly
November 15, 2013
Citigroup Global Markets Realty last week issued the first jumbo mortgage-backed security in more than a month and Redwood Trust is preparing a deal for next week. However, industry participants suggest that jumbo MBS issuance will remain limited through at least early 2014 due to a lack of demand from investors and strong portfolio appetite jumbos among from big banks. Citis $209.95 million jumbo MBS, its first in the new era of the non-agency market, wasnt met with strong demand, according to ...