Are U.S. subprime mortgage securities making a comeback? The issuance of bonds backed by home loans too risky to qualify for Fannie Mae or Freddie Mac’s quasi-insurance almost doubled year-over-year in the first quarter of 2018, to $1.3 billion from $666 million. Matt Nichols, who heads the North Carolina-based Deephaven Mortgage, told the Financial Times he predicts that issuance of subprime mortgage bonds will hit $10 billion this year, up from $4.1 billion last year. […]
source https://therealdeal.com/2018/03/29/us-subprime-mortgage-bonds-are-making-a-quiet-comeback/
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