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RMBS Market's Slow Pace Unchanged by Fed Initiatives: Government assistance is no match for the sector's gloomy outlook and dwindling volume

The RMBS market reported another paltry quarter, wrapping up a dismal first half for new issuance despite both local and Federal loss-mitigation initiatives. Total volume clocked in at $117.3 billion in 209 deals for 1H08 compared with $622 billion in 742 deals for 1H07, according to Thomson Financial league tables.

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