Countrywide Leads HEL Securitizers to Record Pace at Nine-Month Mark
October 25, 2002
Low interest rates and rising home values had the home-equity loan securitization market on a record-pace through the end of September, a new Inside MBS & ABS ranking of the top issuers and underwriters reveals. Just how hot was the market? At the nine-month mark, HEL securitization – which includes subprime mortgages, HELOCs, closed-end second mortgages and high LTV loans – had already eclipsed 2001’s