Slow MBS Market Hikes Fraud Risk

Fest, Glen
March 2007
Bank Technology News;Mar2007, Vol. 20 Issue 3, p12
Trade Publication
The article reports on the arising frauds in the mortgage-backed security (MBS) market faced by investment banks. The banks feared that the increasing fraud in lending may come to worst in the following years to come. Likewise, secondary market investors worries the possible degradation of their large-scale security pools. According to Christine Pratt, Financial Insights credit and banking research director, the capital markets aims to know more about the case, than to worry about it.


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