Booming Mortgage Securities Market Attracts Investment Bankers as Dealers and Conduits
March 19, 2004
The mortgage market’s strong growth potential has prompted a number of Wall Street investment bankers to build new mortgage securities operations and in some cases launch whole loan purchase programs to stimulate business. “More investment banks started entering the business in large numbers over the last two years,” and many of them for the first time, said Scott Seewald, a senior director at Fitch