Large Investor Preparing Clients for UMBS, Recommends Combining Mortgage Concentration to Avoid Challenges
November 2, 2018
One large fixed income investor is working with clients now to make sure they’re prepared to invest in the new single security when it rolls out next summer. Western Asset Management is advising investors to consider aggregating their mortgage concentration and exposure limits for the uniform MBS that Fannie Mae and Freddie Mac will issue in the to-be-announced market.