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:
What are the units on the Y-axis? Is that in trillions of dollars?
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
I think the Y-axis is proportions
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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