Industry Works to Boost Liquidity, Broaden Investor Base In Mortgage Bond Market With Plan to Repackage CMOs
January 16, 2009
Representatives of the securities industry are moving ahead with a plan they hope will restore investor confidence and improve overall liquidity by repackaging existing collateralized mortgage obligations and trading them in the “to-be-announced” market. Late last week, the Mortgage-Backed Securities and Securitized Products Division Executive Committee of the Securities Industry and...