More Prime Jumbo Deals Arising, But Sector is Still in ‘Exploratory’ Phase
March 5, 2010
A widely-anticipated mortgage securitization by the Federal Deposit Insurance Corp. could help build some momentum in the non-agency MBS market, as industry observers say a number of issuers have sketched out potential prime jumbo transactions. The FDIC indicated months ago that it might use securitization to unload some assets acquired from failed banking institutions. Potential investors reportedly...