According to a research report put out recently by the Bond Market Association, agency mortgage pass-through volume remained strong in the first half of 1999, with issuance totaling $420.3 billion in the period, a 30% increase over the $324.2 billion issued in the comparable period in 1998.

The current growth in MBS issuance is a result of a healthy economy combined with a strong housing market, the report stated.

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