Potential MBS Issuers Warming Up on the Sidelines; Jumbo Still the Holy Grail
November 12, 2010
Private conduits are gearing up to buy prime jumbo mortgages that could spark a modest revival in non-agency MBS issuance. BlackRock Inc. reportedly has formed a new $1 billion BlackRock Mortgage Investors Fund which will serve as a source of capital for prime jumbo loans. The fund is intended...