Tuesday, September 23, 2008

Charles Calomiris and Peter Wallison blame Fannie Mae for the Subprime Mess


Hmmmm. The loan performance on Fannie's book of business is substantially better than the overall mortgage market. And starting in 2002, Fannie Freddie (pink line) lost market share to ABS (light blue line). The data underlying the graph is from the Federal Reserve,
Table 1173. Mortgage Debt Outstanding by Type of Property and Holder.

11 comments:

Anonymous said...

What are the units on the Y-axis? Is that in trillions of dollars?

Anonymous said...

the second act of this american life episode 366: A Better Mousetrap 2008
provides interesting perspective on this topic. http://www.thislife.org/Radio_Episode.aspx?episode=366

Morgan Price said...

I think the Y-axis is proportions

utah owl said...

The various curves don't add to 1.0, so they can't be percentages. Not sure if that's what you meant by proportions, Morgan Price.

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