The Diverging Fortunes Between Bond and Borrower

During the crazy days of the housing bubble in 2006, bankers created a bond called MABS 2006-FRE1. The instrument gave buyers the right to payments on the subprime housing loans of nearly 2,000 borrowers, including Stephen Monzione, a professional wedding photographer in New Hampshire. Six months after the security was issued, a trader called it [...] View the full post at: The Diverging Fortunes Between Bond and Borrower Related posts: S&P Raises Loss Estimates for Loans Backing Mortgage Securities FHA Delinquencies Raising the Specter for Further Market Turmoil Shift In Fee Practices For Major Bond-Rating Firms