Mortgage Securitization Rate Tumbles in 3Q02, But Still Hits Record-High for First 9 Months
November 15, 2002
The MBS market had trouble keeping up with a refi-driven surge in new residential mortgage originations during the third quarter of this year. While originations jumped to a record high in the most recent quarter, the share that was actually securitized during the three-month period tumbled to the lowest quarterly level in more than a year.