Secondary Market Issues Pose Problems For Securitizers of Subprime Mortgages
May 19, 2006
Demand for securities backed by subprime mortgages remains strong. But issuers are still facing a bumpy road in the secondary market. That was the message that emerged from conference calls held last week by some of the industry’s largest originators and issuers, where talk focused on the lingering challenges confronting efforts to securitize loans in a market where an influx of alternative mortgage products has altered pricing and forced strategic changes. …