Fannie Mae-No Politics (FNMA)

[Phisherman]

US mortgage bond issuance plunges in 2008
12/31 11:57 AM
NEW YORK, Dec 31 (Reuters) - U.S. mortgage-backed securities issuance plunged in 2008 as uncertainty reigned in the housing market and investors shied away from risky instruments, a survey showed on Wednesday.
Thomson Reuters said U.S. mortgage-backed securities issuance totaled $187.4 billion in 2008, down sharply from $941.1 billion a year ago.
Barclays Capital, the investment banking arm of UK lender Barclays (BCLYF:$2.1209,$0.0000,0.00%) <BARC.L>, was the top underwriter of U.S. mortgage-backed securities in 2008. Barclays Capital underwrote 61 issues of mortgage-backed bonds, totaling $34.1 billion, a 18.2 percent market share.
Bank of America Securities LLC <BAC.N> ranked second among U.S. MBS underwriters for 2008, with a 13.7 percent market share. The company underwrote 39 issues totaling $25.7 billion.
Credit Suisse Group (CS:$27.469999,$-0.050001,-0.18%) was third, with a 13.1 percent share. The firm underwrote 43 issues worth $24.4 billion.