Emergence of ‘Barbell’ Credit Scores in More Subprime MBS Prompting Closer Investor Scrutiny
April 13, 2006
A move by subprime MBS issuers to mix a broader range of credit scores within a single security is prompting investors to take a closer look at the loans they are buying. The emergence of what are being called “barbell” subprime MBS transactions was one of the emerging trends discussed at last week’s Housing Finance Summit put on by the Opal Financial Group in Miami. …
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