April 8, 2009
I've heard it said many times that the U.S. had basically stopped making mortgage-backed securities. But I'd never actually seen the data. That chart there is one reason there is less money available for mortgages.
The numbers come from Asset-Backed Alert, which has some other interesting charts.
Footnote: The chart above excludes the so-called agency mortgage-backed securities created by Fannie, Freddie and Ginnie Mae.
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