safety for older deals along with well-structured new issues which have revived interest in the asset class The am ou nt of outstanding non-agency RNIBS has declined recently Outstanding Non-Agency RMBS (in $B) $2,500 - $2,000 - $1,500 - $1,000 - $500 - $0 $2,184 $1,873 $1,554 $1,282 1 $1