“But is the private label market coming back, at long last? Issuance of mortgage backed securities has increased to $32 billion this year from $18 billion last year. Much of this new paper is tied to rentals or distressed mortgages from the bubble years. To put the $32 billion into perspective, the private label market was $1 trillion before the crash…
…As far as new origination goes, pretty much only high quality jumbos are getting securitized, and even that is difficult as the banks prefer to portfolio these loans. We are still a long way from having any sort of robust non-conforming securitization market, but we are headed that way.”, Excerpt from a Mortgage Industry Newsletter, June 2015
Posted on June 24, 2015, in Postings. Bookmark the permalink. Leave a comment.
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