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Home » News » Non-Agency MBS Investors Call for Changes to $25B Foreclosure Settlement, Warn of Consequences
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Non-Agency MBS Investors Call for Changes to $25B Foreclosure Settlement, Warn of Consequences

June 8, 2012
Non-agency mortgage-backed security investors are hoping to influence the implementation of the recent $25 billion foreclosure settlement and ward off similar agreements in the future. They raised concerns this week at a hearing before the House Financial Services Committee’s Subcommittee on Capital Markets and Government Sponsored Enterprises. “As it stands, it will damage residential MBS markets further,” said Vincent Fiorillo, a trading/portfolio manager at Doubleline Capital, on behalf of the Association of Mortgage Investors. “By adding yet another risk premium to government intervention, it will further...
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