Investors are starting to warm up to the non-agency mortgage market again — or, at least, AIG (AIG) 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.”
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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How much will mortgage rates fall with the Iran deal and Fed week?
The 10-year yield is 4.43% and mortgage rates are 6.58%, with Fed week and inflation data setting the next move.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio