High grade MBS

brewer12345 · 08-29-2007, 01:15 PM

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?

twaddle · 08-29-2007, 01:30 PM

Jumbo means non-agency issued, right? I don't think any of my brokerage accounts give me access.

brewer12345 · 08-29-2007, 01:39 PM

Correct, Jumbo = non-agency

Texas Proud · 08-29-2007, 02:49 PM

Quote:

Originally Posted by brewer12345

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.

08-29-2007, 01:15 PM	#1
brewer12345 Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Mar 2003 Posts: 9,255	High grade MBS 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 you realize that you are one of the rare few who observe moral principles in their relationships with others, there is a temptation to sink into amorality, not out of conviction or pleasure but simply to avoid further pain, because there is no greater suffering than being an angel in hell, whereas a devil feels at home wherever he goes.” – Martin Page, How I Became Stupid

08-29-2007, 01:30 PM	#2
twaddle Thinks s/he gets paid by the post Join Date: Jun 2006 Posts: 1,377	Jumbo means non-agency issued, right? I don't think any of my brokerage accounts give me access. __________________ Favorite ERF quote: "I'm not going to waste my time on someone who's more interested in being stubborn or obtuse or intolerant." -- Nords Favorite ERF error message: "Sorry Nords is a moderator/admin and you are not allowed to ignore him or her."

08-29-2007, 01:39 PM	#3
brewer12345 Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Mar 2003 Posts: 9,255	Correct, Jumbo = non-agency __________________ “When you realize that you are one of the rare few who observe moral principles in their relationships with others, there is a temptation to sink into amorality, not out of conviction or pleasure but simply to avoid further pain, because there is no greater suffering than being an angel in hell, whereas a devil feels at home wherever he goes.” – Martin Page, How I Became Stupid

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