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US mortgage bond issuance falls in H1-Thomson Reuters

Mon Jun 30, 2008 1:33pm EDT

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NEW YORK, June 30 (Reuters) - U.S. mortgage-backed securities issuance totaled $117.4 billion in the first half of 2008, down from $622.1 billion in the same period a year earlier, Thomson Reuters said on Monday.

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Bank of America Securities LLC (BAC.N) was the top underwriter of U.S. mortgage-backed securities for the first half of 2008, a survey showed.

Bank of America Securities LLC underwrote 25 issues of mortgage-backed bonds, totaling $20.2 billion, a 17.2 percent market share.

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