Saturday, July 20, 2013

What A Coincidence. Mortgage Debt Outstanding Has Dropped $1.3 Trillion Since 2009 . . .

. . . and the Fed just happens to have $1.2 trillion of MBS on its balance sheet today, about a third of which the Fed has acquired in the last nine months. The Fed currently owns over 9% of the face value of all mortgage principal owed. The decline in total mortgage debt outstanding since 2009 is also just over 9%. Hm.