Issuance of non-agency MBS jumps to $7.4B this year, more than tripling the amount last year,...
Issuance of non-agency MBS jumps to $7.4B this year, more than tripling the amount last year, according to Deutsche Bank (amount issued in 2006: $1.2T!). Not making a bearish call, but one beneficiary, Redwood Trust (RWT) - which packages and sells this sort of paper - is up 61.5% YTD, and trades at 1.28X Sept. 30 book value vs. 90% of book at the start of the year. Stay nimble.
From other sites
at CNBC.com (Aug 5, 2013)
at CNBC.com (Jun 10, 2013)
at CNBC.com (Apr 18, 2013)
at CNBC.com (Mar 11, 2013)
at CNBC.com (Aug 6, 2012)
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