Mortgage-backed securities issuance in 2003 is likely to fall short of 2002's record-breaking highs but remain relatively strong as subprime and second-lien volumes partially offset moderating refinancing, according to Standard & Poor's.The rating agency said it expects that the "continuance of nationally stable home prices and low interest rates will influence the high volume" it forecasts for the coming year. S&P also said it believes that the originations underlying the securitizations will have their third-best year ever in 2003. S&P can be found online at http://www.standardandpoors.com.
Processing Content
