Wow, it's getting frothy in mortgages. Cerebus and Goldman are among a rush of firms raising...

|By:, SA News Editor

Wow, it's getting frothy in mortgages. Cerebus and Goldman are among a rush of firms raising funds to chase returns in non-agency MBS. Improving housing is one part of the story, but a sharply shrinking supply of paper is another. Subprime mortgages have returned 30% YTD.