The Ticker

AIG is back into subprime? Yes, really.

5/16/12 8:42am

Investors are starting to warm up to the non-agency mortgage market again -- or, at least, AIG ($44.69 0.16%) sees value here. Bloomberg is reporting that the beheamoth insurer has been buying up residential and commercial securities at a fast clip since late 2010. Our favorite quote in the story is from Bernstein & Co's Josh Stirling, who calls the non-agency market "massively  illiquid" and "under-loved."