Higher Prices for Nonprime Whole Loans Could Throw A Monkey Wrench Into Promising Securitization Trend
April 28, 2017
Recent signs of life in the nonprime securitization market have lifted the hopes of participants from coast to coast, but a potential snafu could be in the works in the form of strong investor demand for whole loans. According to some participants, recent whole-loan bids have been as high as 104. “That’s for newly originated non-qualified mortgages,” said one manager who spoke under the condition his name not be used. The implication is...
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