Volume 2014 - Number 22
October 24, 2014
Deephaven Sees Promise in Nonprime MBS
Boosters of the non-agency market are trying to solve too many problems at once, according to Matthew Nichols, a managing partner at Deephaven Mortgage. He said work by various groups to set standards and address the problems confronting the non-agency market is an effort to create a world where non-agency MBS never take a first loss. “We are taking a simpler approach, accumulating nonprime, non-QM mortgages and securitizing them,” Nichols said this week at ...
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