Volume 2014 - Number 40
October 24, 2014
Downloads Available: Top Credit Union MBS Investors - 2Q14
Credit Unions MBS Holdings Decline; Will They Ever be Players in Jumbo Securities?
Although credit unions have boosted their share of new mortgage production in recent years, they continue to be only modest investors in residential MBS, a situation that isn’t likely to change anytime soon. According to figures compiled by Inside MBS & ABS, the credit union industry held $105.27 billion in residential MBS on its books at June 30, a 2.4 percent sequential decline. Compared to the same period a year earlier, their investment in mortgage securities fell by even more: down 4.8 percent. And that may not be such a bad thing. MBS prices were...[Includes one data chart]
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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