Subprime Surge Pushes HEL Securitization to Record $61 Billion in Second Quarter
July 25, 2003
Powered by strong growth in the subprime origination market, issuance of securities backed by home-equity loans surged to record heights during the first half of this year, a new Inside MBS & ABS analysis reveals. Overall, some $111.80 billion in new home-equity loans were securitized during the first half of 2003, a 53.6 percent upturn from the same period last year. The strong