The issuance of U.S. private-label residential mortgage-backed securities will most likely decline by 30% in 2004, a percentage "far less" than the decrease projected for new residential mortgage volumes this year, Standard & Poor's has reported.RMBS issuance will most likely fall to $400 billion this year from the record-breaking $575 billion in 2003, the rating agency said. S&P can be found online at http://www.standardandpoors.com.

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