Commercial Banks Ease Back MBS Purchases During 4th Quarter, But Load Up on REMICs
March 14, 2003
Commercial banks continued their heavy buying activity in the mortgage securities market during the fourth quarter of 2002, but the industry steered its product preferences away from pass-through securities toward structured products. A new Inside MBS & ABS analysis of FDIC call report data shows that commercial banks held a record $702.1 billion in mortgage securities as of the end of