Ownit Collapse and Increasingly Negative Views of Vintage 2006 Subprime Loans Rattle MBS Investors
December 15, 2006
Spooked by the sudden demise of Ownit Mortgage and other upheavals, investors have become increasingly nervous about the credit quality of subprime MBS. Nevertheless, analysts say the cash value of subprime deals has held up well. One indicator of investor...