S&P Sees 30% Fall in Private RMBS Issuance

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.