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TBA Market Draws Rave Reviews, But Agency Space Remains Uncertain
The agency securitization space has been the only functioning sector of the secondary market over the last two years, and one type of MBS trade was hailed as the best thing to happen to the financial world: the to-be-announced market. “TBA is one of the top five markets ever created,” said Freddie Mac Vice President Mark Hanson at the American Securitization Forum’s...
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