Volume 2014 - Number 10
March 14, 2014
Is the Future Getting Brighter for Securities Backed by Re-performing Mortgages?
The re-default rate on re-performing mortgages continues to fall and that’s good news for investors trying to package the loans into MBS. But there’s also a concern that the prices being paid for re-performing loans in the secondary market are getting a bit rich because of a renewed interest in the asset class. Rich Mason, senior vice president of secondary marketing for the Vertical Fund Group, Irvine, CA, said...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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