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Economics

MBS Issuance Falls in 2007

Reuters reports:

U.S. mortgage-backed securities issuance totaled $922.1 billion in 2007, down from $1.052 trillion a year ago, Thomson Financial said on Monday. Lehman Brothers was the top underwriter of U.S. mortgage-backed securities for 2007, maintaining its year-ago status, the financial data firm said. Lehman Brothers underwrote 111 issues of mortgage-backed bonds, totaling $95.8 billion, a 10.4 percent market share.

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3d rendering of a row of luxury townhouses along a street

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