Archive for November 21st, 2009

Mortgage Backed Securities – What Happens When The Training Wheels Come Off?

Calculated Risk points to an interesting but short article at Bloomberg by Meredith Whitney in which she postulates that once the Fed withdraws its support for the mortgage backed securities market, mortgage rates will move up and the banks will be faced with more writedowns. CR plots the historical spread of of the 30 year [...]

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