Market Size and Liquidity
As of the second quarter 2011 there is about $13.7 trillion in total U.S. mortgage debt outstanding. There are about $8.5 trillion in total U.S. mortgage-related securities. About $7 trillion of that is securitized or guaranteed by government sponsored enterprises (GSEs) or government agencies, the remaining $1.5 trillion pooled by private mortgage conduits.
According to the Bond Market Association, gross U.S. issuance of agency MBS was:
- 2005: USD 0.967 trillion
- 2004: USD 1.019 trillion
- 2003: USD 2.131 trillion
- 2002: USD 1.444 trillion
- 2001: USD 1.093 trillion
Read more about this topic: Mortgage-backed Security
Famous quotes containing the words market and/or size:
“Have you not heard of that madman who lit a lantern in the bright morning hours, ran to the market place, and cried incessantly: “I seek God! I seek God!””
—Friedrich Nietzsche (1844–1900)
“Our brains are no longer conditioned for reverence and awe. We cannot imagine a Second Coming that would not be cut down to size by the televised evening news, or a Last Judgment not subject to pages of holier-than-Thou second- guessing in The New York Review of Books.”
—John Updike (b. 1932)