Heavy Subprime Volume Helps Home-Equity Securitization Issuance Set Record in 2002
January 24, 2003
Led by strong demand for subprime mortgages, the home-equity securitization market posted a banner year in 2002, an exclusive new Inside MBS &ABS ranking of the top issuers and underwriters reveals. Overall, a record $166.65 billion in securities backed by home-equity loans were issued last year, a 51.9 percent increase from 2001’s $109.74 billion in volume. Subprime mortgages accounted for the lion’s share