Wednesday 16 September 2020

Mortgage-backed securities boom breaks monthly record

There’s a boom in mortgage-backed securities, and demand isn’t dampening. Thanks to low mortgage rates and a surge in home-loan refinancing, the number of mortgage-backed securities has skyrocketed, the Wall Street Journal reported. The value of single-family mortgage-backed securities issued by Ginnie Mae, Fannie Mae and Freddie Mac was almost $322 billion in August, a new monthly record, according to an analysis by industry-research firm Inside Mortgage Finance. However, yields for the securities have been



source https://therealdeal.com/2020/09/16/mortgage-backed-securities-boom-breaks-monthly-record/

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