Tuesday 7/29 ... Finding some support

By: Matthew Graham • Tue, Jul 29 2008, 11:20 AM

MBS has bitten, fought and clawed it's way back under a .375 YSP loss on the day and currently holding right there at 12 ticks down and 99-27.

reprice for the worse risk is waning. In fact, lenders that priced "crappy" this morning may even be considering reprices for the better.