Amazing decline in non-agency mortgage debt

Below is a chart showing pretty clearly the crunch effecting the mortgage industry right now. "Non Agency" refers to mortgage backed securities not issued by the GSE's such as Fannie, Freddie and Ginnie. Not sure much more needs to be said on this one, wow...

Posted by Matt Heaton on 02/12/2008 06:09 PM

Comments (7)

credit markets

7 Comments on Amazing decline in non-agency mortgage debt

Matt,
by agency, are you referring to warehouse lenders?
aj

02/12/2008 06:25 PM

by Alan 'AJ' Nisen California Contra Costa Mortgage Officer (A Large Bank in America)

Matt, WOW! Actually my first response was holy crap!

02/12/2008 06:45 PM

by Marc Grossman, GRI - Central Florida Real Estate Specialist (Keller Williams Heritage Realty)

Like volume going off a cliff. What goes up quickly can also come down quickly. I guess that is agraph of a bubble.

02/12/2008 07:02 PM

by Eric Bouler (Prudential Gardner)

You can look on the positive side and say it can't get much worse...

02/12/2008 07:04 PM

by Matt Heaton (ActiveRain Corp.)

Matt - everywhere we look we see more institutions declaring huge losses. They've securitized almost everything.

02/12/2008 07:52 PM

by Sharon Simms St Pete Florida CRS CIPS CLHMS (RE/MAX Metro)

Matt - Help those of us stuck on the little-bus... what does this actually mean? Does this mean no-one is backing mortgage securities, which means there's no money to dole out?

02/12/2008 08:12 PM

by Ben Wiseley (ActiveRain)

Ben: It means the mortgage market is crawling to a standstill, the volume of loans being sold to investors has dried up. Almost all the loans being made at this point are conforming loans than can be taken by the GSE's (Fannie, Freddie, Ginnie)

02/12/2008 09:14 PM

by Matt Heaton (ActiveRain Corp.)

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Real Estate - Other: Matt Heaton (ActiveRain Corp.)

Matt Heaton
Bothell, WA
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