Two Harbors comes but jumbo RMBS still small-time
Jumbo RMBS issuance in the US is trending upward as Two Harbors markets its first deal of the year, but market participants say a lot more volume is needed before a secondary market can develop in the sector.
Issuance in the asset class, which has represented nearly all private-label deals of late, aside from some backed by re-performing assets, reached its highest level since the crisis last quarter, according to Fitch Ratings.Six issuers brought 11 prime jumbo RMBS deals last quarter, marking the largest quarterly ...
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