Wall Street did its part in 1996 to raise the profile of mortgage- backed securities.

Led by Lehman Brothers, investment banks securitized $94.5 billion worth of mortgage loans in 1996 - almost twice as much as in 1995, when they packaged $48.1 billion.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.