Volume 2014 - Number 32
August 15, 2014
Strong Demand in Secondary Market for Re-Performing Mortgages, Largely Without Ratings on MBS Deals
Investor demand for re-performing loans has been so strong in recent months that some firms are sitting on the sidelines as yields have become unattractive. Re-performing loans are being sold both as whole loans and in non-agency MBS, largely without ratings. William Gorin, director and CEO of MFA Financial, said the real estate investment trust has been investing in unrated non-agency MBS backed by re-performing loans that were originated between 2005 and 2007. “The average credit support is...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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