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MBS Issuance Turns a Corner in Second Quarter, But Rebound May Be Short-Lived
ew production of mortgage-backed securities increased by a healthy 13.9 percent during the second quarter of 2008, marking the first time new production has posted a quarterly gain since the non-agency MBS market unraveled last year. According to a new analysis by Inside MBS & ABS, a total of $393.25 billion of MBS were issued during the second quarter. But the high mark... [Includes two charts]
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