Issuers of non-agency MBS continued to carve up a significant volume of classes within their deals backed by mortgages that meet the conforming loan limits of the government-sponsored enterprises, a new Inside MBS & ABS analysis reveals. Through the first four months of 2005, a total of $88.04 billion of GSE-eligible classes were created in non-agency MBS. That equaled 32.5 percent of the total issuance in the market, and it was an increase of