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High grade MBS
Old 08-29-2007, 01:15 PM   #1
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I know the MBS market has gotten killed, and high grade AAA paper backed by prime jumbo mortgages is going for cheap. Anyone know of a way for retail schmoes to buy this stuff?

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Old 08-29-2007, 01:30 PM   #2
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Jumbo means non-agency issued, right? I don't think any of my brokerage accounts give me access.
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Old 08-29-2007, 01:39 PM   #3
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Correct, Jumbo = non-agency
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Old 08-29-2007, 02:49 PM   #4
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Quote:
Originally Posted by brewer12345 View Post
I know the MBS market has gotten killed, and high grade AAA paper backed by prime jumbo mortgages is going for cheap. Anyone know of a way for retail schmoes to buy this stuff?
When I was a trustee, there was not a single issue that I was responsible for that the bonds did not start at $1 mill for MBS... I did have a few car insurance and other receivables that were $100 thou...

I doubt the retail class can get in them without some fund.
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