The Non-Agency Mortgage Security Market

Non-Agency MBS Issuance by Type

The amount in dollars of non-agency MBS issuance from 1995-1Q13. Categories include prime, subprime, Alt A, S&D, seconds, re-MBS, other and total issuance. Quarterly data for 2001-2005 and 2012-1Q13 included.

2003-1Q13 Data

1995-2005 Data

Poll

What should be done to “reform” Fannie Mae’s and Freddie Mac’s position in the mortgage market?

Wind the two GSEs down as quickly as possible while setting up some new government guarantee program for conservatively underwritten conventional mortgages.

25%

Let the two GSEs continue to funnel money to the Treasury while developing a plan to take them out of conservatorship as private companies.

52%

Do nothing since the housing market is too dependent on the two GSEs and Congress is unlikely to agree on a major change in the status quo anytime soon.

23%

Housing Pulse