Niche Market for MBS Backed by ‘S&D’ Loans Expected to Get Lift from Rising Delinquencies
April 7, 2006
The small but growing market for non-agency MBS backed by so-called “scratch and dent” mortgages is expected to get a boost this year and next – thanks in large measure to rising interest rates and a deteriorating housing market. That was the view expressed this week by MBS market players at a Housing Finance Summit put on by the Opal Financial Group in Miami. …