Ocwen: Mortgage bond investors mislead public, push foreclosures

Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence

California settlement puts Ocwen on a leash

Prohibited from acquiring California MSRs without state’s approval

Monday Morning Cup of Coffee: Ocwen settles "frustrating skirmish" with California

But that's just over file access, not file content
W S
Investments / The Ticker

Federal borrowing fills in instead of 'crowding out'

/ Print / Reprints /
| Share More
/ Text Size+

UBS's (UBS) Maury Harris, who is frequently recognized as the most accurate economist on Wall Street, shared an important chart with Business Insider when we had lunch with him last week.

It compares the year-over-year change in U.S. Federal government debt and home mortage debt for each year since the heyday of the housing bubble.

"Over the past six years, an around $1 1/8 trillion downsizing in per annum net home mortgage financing has accompanied an around $7/8 trillion upswing in federal borrowing per annum," said Harris.

In other words, the size of the mortgage bond market has shrunk by much more than the Treasury bond market has grown.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus