WaMu Leads Flood of Jumbo Mortgage Securitization During Third Quarter
November 15, 2002
A huge supply of $58.3 billion in jumbo mortgages representing an array of lending programs surged into the securitization market during the third quarter of this year, a new Inside MBS & ABS analysis reveals. Washington Mutual was the most active securitizer of jumbo mortgages – loans that exceed the Fannie Mae/Freddie Mac maximum purchase amount of $300,700 – during the quarter. The giant thrift