MBS Investors Concerned That Chase for Volume Is Leading to Borrowers With Lower Credit
June 9, 2006
A voracious appetite for loan volume has lead mortgage originators to lower credit standards, and MBS investors are getting nervous about it. Credit issues are not the only problems popping up in the subprime market, and there does not seem to be a quick fix. One of the main concerns raised by investors at the American Securitization Forum’s annual meeting this week in New York was the deterioration of credit standards and what that means…