When a mortgage is used as collateral for the issuance of a mortgage-backed security (MBS),the underlying mortgage is said to be "securitized." As of 2008,approximately what percentage of residential mortgage loans in the U.S.was being used as collateral for the issuance of MBS?

Question

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According to the Federal Reserve Bank of St. Louis, as of 2008, approximately 75% of U.S. residential mortgage loans were being securitized and used as collateral for the issuance of MBS. This percentage may have changed since then, but as of 2008, this was the approximate percentage.

When a Mortgage Is Used as Collateral for the Issuance