Although total residential mortgage originations will likely be off by 30% this year, securitization levels for private-label mortgages are off by only about 15%, according to Standard & Poor's Ratings Services.S&P forecast on July 15 that $475 billion in residential mortgage-backed securities will be issued in 2004, down from approximately $550 billion in 2003. S&P can be found on the Web at http://www.standardandpoors.com.
S&P: Private-Label Deals Off by 15%
July 16, 2004, 2:00 p.m. EDT 1 Min Read
