Investments

June 19, 2013
Nonagency RMBS activity hits highest point since housing heyday

In many ways, 2013 has marked a turning point for residential mortgage-backed securities. For starters, new issue...

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The current status quo of the mortgage finance system is not only unsustainable, but it’s unacceptable due to a variety of hiccups, including government dominance, said Lewis Ranieri, chairman and founding partner of Ranieri Partners.

ReWired

"We concluded principal forgiveness results in a lower net present value than principal forbearance," the text continues. So at this point, there are no plans to remodel the Home Affordable Modification Program Principal Reduction Alternative.

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