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Volume 2009 - Number 26

July 2, 2009

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Agency CMO/REMIC Issuance Up Sharply In 2nd Quarter; Goldman Sachs Takes Lead

Tracking the sharp increase in production of agency pass-throughs, issuance of structured mortgage securities backed by Fannie Mae, Freddie Mac and Ginnie Mae MBS rose significantly during the second quarter of this year. A total of $70.69 billion of agency real estate mortgage investment conduits were issued during the second quarter, up 132 percent... [Includes one chart]

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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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