California Loses Some Luster in Early 2009 Production as GSE MBS Volume Surges
July 16, 2009
The soaring volume of new mortgage-backed securities manufactured by Fannie Mae and Freddie Mac in the first half of 2009 fell unevenly across the country, according to a new market analysis by Inside Mortgage Finance. Although overall MBS issuance by the two government-sponsored enterprises jumped 80 percent during the second quarter, compared to the first three... [Includes one chart]