Mortgage, Asset Securitization Soars To Record $878 Billion in 1st Quarter
April 4, 2003
Fueled by a raging rally in the bond market and enough gas left in the U.S. consumer’s budget, new production of mortgage-backed and asset-backed securities surged to a new record volume during the first quarter of 2003. According to a new market analysis by Inside MBS & ABS, an estimated $637.0 billion of new mortgage securities were issued during the first three months of