MBS and Mortgage Investor Activity

Thrift Industry Mortgage Security Holdings

Thrift industry mortgage security holdings by year from 1987-2011, including GSE/GNMA pool MBS, non-agency pool MBS, agency REMICs, non-agency REMICs, total MRS, total MRS holdings for all FDIC-insured thrifts, and FHL bank MBS.

1987-2008 data includes 2008 quarterly numbers, while 2001-2Q11 data includes quarterly numbers for 2010-2Q11.

2001-2Q11 Data

1987-2008 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.

vote to see results
Housing Pulse