private-label bonds

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Clayton Holdings becomes first Morningstar-rated ‘deal agent’ for mortgage bonds

May 11, 2016By

Earlier this year, several of the “biggest bond funds on Wall Street” released a proposal to include an additional layer of oversight and protection on private-label mortgage bonds as part of an effort to jumpstart the languishing private mortgage market. Now, Morningstar Credit Ratings is helping to move the concept forward by issuing it first “deal agent” ranking.