Mortgage Securitization Rate Spiked Higher As Market Conditions Soured in 2nd Quarter
September 26, 2008
Ongoing deterioration in the housing market increasingly drove mortgage lenders to the safety of agency MBS programs during the second quarter of 2008, according to a new Inside MBS & ABS analysis of the market. Some 87.4 percent of residential mortgages originated in the second quarter were funneled into mortgage securities, virtually all of them agency... [Includes one chart]