By Brandon Ivey

Free Story from Inside Nonconforming Markets on Investor Interest in Vintage Non-Agency MBS

February 21, 2012

Investors have seen strong returns on vintage non-agency MBS in recent months. This story from last week’s issue of Inside Nonconforming Markets – available for free for a limited time –provides details on recent non-agency MBS sales, pricing, buyers and sellers: Investors Flock to Vintage Non-Agency MBS

Other stories in the newsletter last week detailed non-agency concerns regarding the $25 billion servicing settlement, an outlook for the performance of subprime borrowers, details on activity by non-agency REITs, a ranking of non-agency HAMP servicers, and the latest on efforts to standardize non-agency servicing.


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Are current mortgage underwriting standards too tough?

Yes, they don’t reflect current market conditions and need to be adjusted to allow borrowers with below 700 FICO scores and smaller downpayments to qualify for mortgages.
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No, the standards are appropriate given current risks and the major default problems the mortgage market has experienced over the past several years.

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