ARM Securitization Volume Dropped Sharply in 2007 as Borrowers and Lenders Preferred Safety
February 29, 2008
Fewer adjustable-rate mortgages were securitized in 2007 as borrowers and mortgage lenders showed a strong preference for less risky fixed-rate products. A total of $536.2 billion of ARMs were securitized in 2007, with most of the... [Includes three charts]