Mortgage securitizations backed by nonprime loans are expected to see a substantial increase this year as lenders move away from prime refinances.
During the past year-and-a-half, there have been 10 nonprime residential mortgage-backed securities issued. Five issuers were responsible for the deals.
But the volume of nonprime issuance is expected to see a two-fold increase this year. In addition, an even bigger increase is expected over the long term.
Source: Mortgage Daily