Home-Equity Securitization Climbs in Second Quarter, Buoyed by New Mortgage Products
July 28, 2006
The volume of new home-equity securitization deals coming to market climbed 5.3 percent in the second quarter, fueled by the widespread consumer acceptance of new mortgage products to capitalize on rising property values. The $147.23 billion of home-equity MBS issued during the second quarter was one of the biggest three-month periods ever, topped only by the levels set during the second half of last year, according to the Inside Mortgage Finance MBS Database...