SIFMA Issues 2015 Securitization Year in Review
Release Date: April 7, 2016
Contact: Katrina Cavalli, 212.313.1181, [email protected]
SIFMA Issues 2015 Securitization Year in Review
New York, NY, April 7, 2016 – SIFMA today published its inaugural annual securitization report, a two part report that summarizes various securitization market trends and includes various governmental and regulatory policy issues impacting the market for 2015.
Highlights of the report include:
- Total securitization issuance, including agency and non-agency mortgage-backed, securities (MBS) and asset-backed securities (ABS), totaled $1.9 trillion in 2015, a 19.8 percent increase from 2014 ($1.6 trillion). The increase was driven entirely by agency and non-agency MBS issuance, since the ABS sector volume fell year-over-year (y-o-y) by 14.1 percent.
- Outstanding volumes rose to $10.1 trillion, an increase of 0.4 percent y-o-y, driven by agency MBS & collateralized mortgage obligations (CMOs) outstanding and ABS, while non-agency outstanding volumes fell 7.2 percent y-oy.
- Average daily trading volumes were $196.7 billion in 2015, an increase of 7.4 percent y-o-y, driven by agency MBS trading. Non-agency MBS and ABS volumes fell 17.1 percent and 3.1 percent, respectively, y-o-y.
The report also reviews the ways in which new entrants by non-banks, particularly by marketplace lenders (sometimes also referred to as peer-to-peer) have led to the growth of some traditional asset categories (student loans) and less traditional (personal/consumer loans, small business).
The second section contains summaries of various governmental and regulatory policy issues that impacted the securitization markets, as well as SIFMA’s advocacy efforts regarding those issues in 2015.
The full report is available at the following link: http://www.sifma.org/research/item.aspx?id=8589959616