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Loan Modification

: Loan Modification & Home Loan News

Wall Street Begins Taking Bets on Jumbo Mortgage Debt

By Moe Bedard

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April 28 (Bloomberg) — Wall Street banks began taking bets on pools of jumbo-mortgage bonds as trading started today on four new credit-default-swap indexes. The PrimeX indexes, administered by London-based Markit Group Ltd., are similar to the ABX indexes tied to subprime debt that began in early 2006, allowing easier wagers on the subsequent record defaults [...]

Full post as published by Loan Modification & Home Loan News on April 29, 2010 (boomark / email).

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