MBS ALERT: Reprices for Worse Likely

By: • Wed, Jul 15 2009, 12:18 PM

The FN 4.5 has fallen to an intraday low of 99-08...10/32 (10 ticks) below the price levels at which lenders published rate sheets this morning. This will likely lead to reprices for the worse.

WHY?

Snowball Selling. READ MORE