Great article from the San Fran Fed highlights the evaporation of non-agency mortgage...

|By:, SA News Editor
Great article from the San Fran Fed highlights the evaporation of non-agency mortgage securitization, amid the bigger-picture decline in mortgage lending. "With the vast majority of current mortgage lending now intermediated in some form by the GSEs, it will be difficult for the housing market to return to normal," the bank says.