With the non-agency MBS sector still languishing, it’s time to put the approximately $6.3 billion in unused purchasing power at the Public-Private Investment Program to use in a revamped iteration, according to analysts at Deutsche Bank. “The Public-Private Investment Program has been having a tough time in 2011 despite a remarkable initial success in facilitating price discovery and supporting market functioning in the residential MBS market,” said two Deutsche Bank analysts in a recent report. They note that all eight of the Public-Private Investment Funds suffered a declining internal...