Is this year the comeback of “private label” mortgage bonds? About $25 billion worth were issued this year, paling in comparison to the $1 trillion peak in 2006, but up significantly from the $4 billion issued last year, the Wall Street Journal reported. Stabilizing U.S. housing values and firmed-up mortgage regulations have paved the way for lenders to issue these loans, which do not conform to Fannie Mae and Freddie Mac mortgage guidelines. [more] [more]![]()
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