Nomura Leaves MBS Market Amid Industry Instability
October 18, 2007
Nomura Holdings Inc. is quitting the U.S. mortgage-backed securities market after mounting subprime problems caused substantial losses to the Japanese investment bank’s bottom line, the company announced this week. With $621 million in write-downs of its residential...
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
The 10-year Treasury rate is declining and the possibility of a recession is growing.
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