In a report released last week, Moody's Investors Service predicted that private-label RMBS total issuance would dip this year by about 10%-20% compared to last year's volume.

The rating agency said that issuance in 2002 would reach roughly $125 billion in the public and 144A markets. Moody's added that issuance in the first half of this year would surpass issuance in the second half.

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