S&P: 2013 Private Label RMBS Issuance Nearing $11B

Published July 03, 2013, 11:41 a.m. EDT

1 Min Read

The issuance of nonagency residential mortgage-backed securities so far in 2013 is approaching the $11 billion mark, according to Standard & Poor's.

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Credit Suisse accounts for around $2.3 billion of the total, with the most recent transaction, CSMC Trust 2013-HYB1, adding up to total of $382 million. The bank has done six deals year-to-date. The bulk of private-label deals have for some time been coming from the REIT Redwood Trust, under its Sequoia label.

The rise in home prices and sales could help fuel new issuance in nonagency RMBS, although rate increases could dampen the effect.

Senior Editor

Felipe Ossa is senior editor of Structured Finance News and a contributor to National Mortgage News.

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