March 31, 2009 / 4:07 PM / in 10 years

U.S. mortgage bond issuance falls in first quarter

NEW YORK, March 31 (Reuters) - U.S. mortgage-backed securities issuance totaled $21.6 billion in the first quarter of 2009, down sharply from $68.2 billion in the same period a year earlier, Thomson Reuters said on Tuesday.

Bank of America Corp (BAC.N) was the top underwriter of U.S. mortgage-backed securities for the first quarter of 2009, a survey showed.

Bank of America underwrote 13 issues of mortgage-backed bonds totaling $4.9 billion, a 22.7 percent market share.

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