MBS Whale on the Horizon?

Rumors are in the market that a nearly US$9Billion residential mortgage-backed issue may be priced shortly.  There is lots of speculation as to who may be involved but we may know as soon as next week, if the pricing stays on course.

One would have to think that IF the deal goes through and IF the arrangers and issuer are happy with the pricing, how could this not be very good news for a resurgence in the MBS market.  You would have to think that if nearly $9Billion can be placed, investor appetite and “confidence” in the regulatory environment, which has been casting a shadow over the asset class for so long, has returned.

For more details, link to the WSJ article  http://blogs.wsj.com/moneybeat/2013/05/22/big-rmbs-sale-tests-steamy-market/

About markferraris
Managing Principal Orchard Street Partners LLC

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