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Volume 2009 - Number 26

July 2, 2009

Downloads Available: View the attached file (in pdf format)

Downloads Available: View the attached file (in pdf format)


Agency MBS Market Hits New Monthly Record In June as Refi Fuels Second Quarter Surge

The agency MBS market hit a crescendo of new issuance last month, pulling second quarter production levels to their third-highest level ever as U.S. borrowers capitalized on a refinance opportunity that may be closing quickly. A total of $231.91 billion of agency MBS were issued in June, breaking a monthly production record that has stood since September 2003. June’s... [Includes two charts]

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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Housing Pulse

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