Deutsche Bank: $7.4B In Private-Label Issuances This Year

Posted by Orb Staff on December 06, 2012 No Comments
Categories : Residential Mortgage

12870_86806780 Deutsche Bank: $7.4B In Private-Label Issuances This Year A new report from Deutsche Bank AG has found that U.S. securitization issuances that were not backed by the federal government more than tripled this year, reaching $7.4 billion.

Bloomberg News reports that non-agency securitizations made up $3.2 billion of the issuance, while sales tied to older mortgages accounted for $2.4 billion and securities backed by non-performing debt totaled $1.8 billion.

‘The rising new issuance should attract more investors to the non-agency market,’ says Deutsche Bank. ‘However, the supply of new paper should not dampen demand for higher-yielding legacy [securities].’

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