The tide is turning for mortgage securities, says Financial Times.
It predicts we’ll see headlines about private-label mortgage-backed securities rather than subprime mortgages in the New Year.
And since the U.S. needs to move away from a government-supported mortgage market, it says the question now will be how big of a role private capital will play. Read more.
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Fewer mortgages in arrears: CMHC
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U.S. banks provide mortgage relief