Prime Second Securitizations Offer Investors Sweet Spot in Rising Rate Environment
March 19, 2004
Investors can pick up attractive spreads and favorable performance characteristics in the niche market of mortgage securities backed by closed-end second liens made to prime credit borrowers, according to a new study from Credit Suisse First Boston. The investment bank – which is also one of the major issuers in the prime second MBS market – released an analysis that shows steady prepayment speeds