Countrywide Leads Record Issuance of Subprime MBS During Early 2004
April 30, 2004
Countrywide Financial was the top issuer of subprime MBS during the first quarter of 2004, leading the market to a record $65.8 billion in issuance. According to a new ranking by Inside MBS & ABS, Countrywide’s subprime issuance was up fivefold over the same period in 2003, when it ranked eighth in production (see next page).