The Latest News:
- Pre-crisis mortgage-backed securities are attracting more attention.
- “We’ve seen strong demand for those assets recently,” Dan Adler, a senior portfolio manager at Amundi Smith Breeden, said in a CBNC article.
- The pre-crisis MBS have improved since the U.S home prices bottomed out in early 2012.
- However, according to the Mortgage Bankers Association, the securities may not find enough demand as the Federal Reserve is no longer the largest purchaser of agency mortgage backed securities, reports HousingWire.
- The U.S. Congress is cogitating on relinquishing control over Fannie Mae and Freddie Mac.
- “If Congress cannot agree on a smooth, more certain path forward, I urge you, Director Watt, to engage the Treasury Department in talks to end the conservatorship,” Tim Johnson, the South Dakota Democrat who originally wrote a bill to eliminate Fannie Mae and Freddie Mac, said, Bloomberg reports.
FlexShares Disciplined Duration MBS Index Fund
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.