Wachovia, US Bancorp Key Commercial Bank MBS Buying Spree in 4Q03; Mortgage Appetite Still Strong
March 19, 2004
Wachovia Corp. and US Bancorp were among the most aggressive commercial bank buyers of mortgage-related securities during the industry’s fourth-quarter MBS feeding binge, according to data analyzed by Inside MBS & ABS. Both institutions upped their MBS holdings by about 25 percent during the fourth quarter of last year, far outpacing the growth rate of their peer group. Wachovia moved