Volume 2012 - Number 3
January 20, 2012
Downloads Available: Non-Agency MBS Issuance by Type - 4Q11
Downloads Available: MBS Issuers & Underwriters in 2011 - 4Q11
Non-Agency MBS Issuance Hit Record Low in 2011; Little Prospect for Significant Activity This Year
The non-agency MBS market sank to a record low in 2011, with just $27.59 billion in total issuance, although performance has steadied in the dwindling supply of outstanding deals. New issuance of non-agency MBS was down 56.6 percent from the level reached in 2010, ending a three-year string of modest gains. As has been the case since 2008, the vast preponderance of new issuance involved seasoned collateral – either whole loans or repackaged MBS. Over half (52.3 percent) of non-agency MBS issued in 2011 were re-securitizations, yet the volume of such deals was down 75.2 percent from...(Includes two data charts)
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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