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Non-Prime MBS Issuance Hits Record Low in Third Quarter of 2008: Zero
There was no issuance of subprime, Alt A or “other” non-prime mortgage backed securities in the third quarter of 2008, the first blank quarter since the creation of the non-prime MBS market, according to the Inside Mortgage Finance MBS Database. The sector is not expected to rebound anytime soon, and analysts suggest that the non-prime market is unlikely to... [Includes one chart]
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