As 2021 draws to a close, it’s clear that the private-label residential mortgage-backed securities (RMBS) market has notched a year for the record books.

For the full year, the RMBS 2.0 market — defined as all post-financial-crisis prime, non-prime and credit-risk transfer (CRT) transactions — is projected to exceed $115 billion in issuance. That’s more than twice the volume recorded in 2020 and nearly double 2019’s $60 billion mark as well, according to a recent forecast from the Kroll Bond Rating Agency (KBRA).

“Low mortgage rates, stable collateral performance and comparatively favorable spreads for much of the year showed a strong details ⇒

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