Mortgage Servicing Outstanding Shrinks Again in 2Q09 Despite Increase in MBS
September 24, 2009
The mortgage securities market continued to capture a larger share of mortgage debt outstanding through the midway point in 2009, according to an Inside Mortgage Finance analysis. With declining house prices and slumping housing markets, the total supply of 1-4 family mortgage loans fell again in the second quarter – the fifth consecutive quarterly decline... [Includes one chart]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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