Summary
Investing in mortgage-backed securities
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Boardroom view.
BOARDROOM VIEW
What do ITT and Westinghouse have in common with high-yielding, privately issued, mortgage-backed securities (MBS)? Well, they buy them. As it turns out, the two conglomerates are among only four to six major buyers of what are called "B-pieces" of MBS offerings that feature senior/subordinated structures. At least that's the story from ...See the full content of this document
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