Mortgage Securitization

Outstanding Mortgage Securities

Outstanding mortgage securities each year in the following categories: Ginnie Mae MBS, Freddie Mac PC, Fannie Mae MBS, Non-Agency MBS, total mortgage securities, and volume and securitization percentages for total 1-4 mortgages.

Includes annual data from 1980-2012 and quarterly data for 1Q13-2Q14.

2000-2Q14 Data

1980-2Q09 Data

Poll

What is it going to take to convince lenders to loosen the credit box (i.e., remove underwriting overlays)?

The recent rep and warranty changes announced by the Federal Housing Finance Agency should go a long way in protecting lenders from future buybacks and help expand mortgage credit.
There won’t be any significant elimination of underwriting overlays until the government stops seeking huge mortgage-related penalties and settlements from lenders.
There shouldn’t be any expansion of the mortgage credit box since looser underwriting is what caused the recent mortgage crisis.

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