FT on 12/2/2013 said that CMBS issuance is at the highest since the crisis with year to date issuance at $92.9B. CLO issuance is also booming, but RMBS issuance is anemic. Why is that? Is it because of FNMA and FHLMC? See, CMBS and CLOs are booming, but not RMBS. What does that tell us?
Why is RMBS issuance not growing?
