The prime non-agency MBS market barreled along to a record $149.40 billion in the second quarter of 2005, buoyed by surging production of alternative mortgages, according to a new analysis and ranking by Inside MBS & ABS. The second quarter marked the fifth consecutive three-month period of new record issuance of prime non-agency MBS – the market formerly known as private label MBS. Year-to-date issuance surged to $273.08 billion, up 65.0 percent from the first… [One data table included]