‘Home Equity’ Securities Market Hits Record $267 Billion as Market Continues to Diversify
January 30, 2004
New issuance of home-equity ABSs soared to $267.0 billion in 2003, paced by a robust subprime mortgage market and steady growth in several niche product lines, a new Inside MBS & ABS ranking reveals. Last year’s total home-equity ABS issuance was up 45 percent from the $184.2 billion securitized back in 2002. That was slightly faster than the 40 percent growth