Mortgage securitization production increased sharply in the third quarter of 2005 as a booming non-agency MBS market continues to hit new record levels, according to preliminary data compiled and analyzed by Inside MBS & ABS. A hefty $608.47 billion of mortgage-backed securities were issued during the third quarter, a substantial 15 percent increase from the previous three-month period. That raised year-to-date issuance to $1.578 trillion, making it likely that 2005 will end up with over… [One data table included]