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Volume 2017 - Number 19

May 19, 2017

Wells Fargo Planning to Return to the Non-Agency MBS Market This Year; Chase Readies New Deal

The non-agency MBS market is set to receive a jolt as Wells Fargo plans to return to the space. “This year, one of our aspirations is to come back to the market with a couple of deals,” said Franklin Codel, a senior executive vice president of consumer lending at Wells. “We’re taking a look to make sure we can structure those properly … to try to test the market and see what we can do to bring some confidence back to the private-label market.” The official mentioned the plans late last week during an investor event hosted by Wells. Back in 2007, Wells ranked...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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