2002 Shatters Annual Securitization Records With Titanic $803 Billion Fourth Quarter
January 10, 2003
With interest rates hitting 40-year lows during the fourth quarter, the MBS and ABS market pumped out a staggering $803 billion in new securitizations over the final three months of 2002, driving total issuance to a record $2.61 trillion for the full year.