Mortgage Bonds at Heart of Crisis Dwindle in Supply as New Breeds Take Root
MarketWatch, July 2, 2019–Joy Wiltermuth
Mortgage bonds packed with crisis-era home loans have dwindled to just $431.5bn from their 2007 peak of more than $2.3 trillion as home foreclosures, borrower defaults and loan repayments have trickled through the system, according to Bank of America Merrill Lynch data.
