Mortgage-Bond Issuance in U.S. More Than Triples
Mortgage-Bond Issuance in U.S. More Than Triples
Issuance of U.S. home-loan bonds without government backing more than tripled to $7.4 billion this year, according to a report from Deutsche Bank.
Notes sold in so-called non-agency securitizations of new loans, all of which were prime ‘jumbo’ mortgages, totaled $3.2 billion; sales tied to older mortgages reached $2.4 billion; and securities backed by non-performing debt were $1.8 billion.
Deutsche Bank analysts also wrote that new issuance of all non-agency securities next year should be a “few billion over $20 billion” when including potential deals involving rental homes.
Source: “Mortgage-Bond Issuance in U.S. More Than Triples to $7.4 Billion,” Bloomberg (Dec. 5, 2012)
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