ECM Drives Non-Agency MBS Issuance in Early 2026

By: ameer@trustedteam.com

Non-agency MBS issuance hit its highest level since the third quarter of 2007, largely because of surging production of the new generation of Alt A and subprime deals. JPMorgan Chase was the top issuer and top underwriter in the first quarter. (Includes three data tables.)

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