Non-Agency MBS Issuance Hits New Low In October; GSE MBS Market Share Rises
November 8, 2007
New issuance of non-agency MBS fell to its lowest monthly total since April 2002, sinking to just $23.72 billion in October, according to the Inside Mortgage Finance MBS Database. That represented a 29 percent decline from already... [Includes one chart]
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
The 10-year Treasury rate is declining and the possibility of a recession is growing.
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