Report also shows 50% jump in prime jumbo issuance
The issuance of non-agency mortgage-backed securities has reached a new record high in the second quarter, according to stats from Inside Nonconforming Markets.
About $24.8 billion of non-agency MBS was issued during Q2 2021. That was an 81.3% spike from Q1 2021 and the highest level seen since the great financial crisis.
Read more: Angel Oak Companies issues $303 million non-QM securitization
The increase in non-agency deals was driven by prime jumbos with $14.4 billion, up 50.3% quarter over quarter. The issuance of loans backed by expanded-credit mortgages followed with $10.4 billion – more than double the volume in the first quarter.
According to Inside Nonconforming Markets, loans eligible for sale to Fannie Mae and Freddie Mac also boosted lending activity in the non-agency sector.
