Seeking Alpha

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.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|