Bond Group: Mortgage Security Issuance Down

Mortgage-related security issuance fell in the first three quarters of this year relative to issuance in the same period of last year, according to The Bond Market Association.The bond group said mortgage-related securities issuance from Jan. 1 to Sept. 30 "decreased 46.4% to $1.35 trillion, compared to $2.52 trillion issued in the same period last year." Home equity issuance, meanwhile, has seen a "sharp rise," the organization said. The association can be found on the Web at http://www.bondmarkets.com.