Commercial News
5/13/2008 8:52:12 AM EST
Green Thumb: Bonds Tied To Mortgages Have Hope
(AP) Maybe there's a way to thrive in the howling wasteland that is the home-loan market. Bonds backed by mortgages look like a buying opportunity, assuming a new spate of defaults doesn't send their prices tumbling again.
Already, these mortgage-backed securities, or MBS, are showing signs that the market thinks the bad times may be ending. Full version (available to lexis.com subscribers)
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