Jumbo Mortgage Securitization Tapers Off in Third Quarter, WaMu Leads
November 7, 2003
The flow of jumbo mortgages channeled into the MBS markets began to slow in the third quarter of this year, according to a new market analysis and ranking by Inside MBS & ABS. After peaking at $72.3 billion in new issuance during the second quarter, the volume of newly securitized mortgages that exceed Fannie/Freddie loan limits dropped to $69.4 billion, a decline of 4 percent.