Non-prime mortgage securitization has roughly doubled each of the last two years, and it shows no signs of stopping, according to Fitch Ratings.

Since early 2015, five sponsors have issued more than $1.3 billion in 10 deals, most of them unrated. Lenders and investors are growing more comfortable with new ability-to-pay standards and other consumer and investor protections that were missing from portfolios during the pre-crisis heyday of so-called “Alt-A” deals. 

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