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Volume 2012 - Number 26

December 21, 2012

Credit Suisse to Increase Non-Agency MBS

Credit Suisse’s jumbo conduit is increasing its acquisitions and looking to issue more non-agency jumbo mortgage-backed securities, according to Luke Scolastico, a vice president at Credit Suisse. “We’re buying loans every day,” he said last week at a panel discussion hosted by the American Securitization Forum. “More last month than the month before, and more that month than the month before.” Credit Suisse has issued $1.50 billion in non-agency MBS so far in 2012. While the first deals ...

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Rising mortgage rates that will cut off refinance activity as well as curb home purchases.
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