Subprime MBS Prices Rally on HAMP Changes and Government Efforts to Prop Up Housing Market
April 16, 2010
Experts are optimistic about the future of non-prime MBS based on recent price gains in the sector and the outlook for government intervention in the overall housing market. These structured products aren’t without risks, but relative to the potential yield, they are showing high value compared to other assets. Non-agency MBS are trading 20-30 percent higher than their December 2008 levels...