So far this year, the volume of residential loan securitizations has more than doubled the level activity at the same point last year.
Issuers of residential mortgage-backed securities generated
$6 billion in loan securitizations during the month of May — a new high.
Last month’s issuances were supported by a variety of collateral including performing, re-performing and non-performing loans.
S&P Global Market Intelligence reported the numbers.
The latest total was on pace with April
The ratings agency said that there have been $27 billion in RMBS issued so far this year, rising from $12 billion at the same point in 2016.
Full-year 2017 issuances are expected to reach $50 billion.
The report indicated credit-risk transfers posted over $2 billion of the total spread across two Fannie Mae deals.