Demand for private mortgage securities dips

04/26/2013 | Bloomberg

After a fast start in 2013, demand for highly rated private mortgage securities is slowing. An issuance this week by Redwood Trust sold with yields of 175 basis points, up from 170 basis points earlier this month, and 97 basis points in January. "Suddenly, in the last couple of months, the love has dissipated," said Brad Friedlander of Angel Oak Capital Partners.

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