Friday, March 09, 2007

Pioneer in mortgage-backed securities dislikes the new style market

Pioneer in mortgage-backed securities dislikes the new style market

More so than perhaps any other single person, Lewis Ranieri is the reason that there's a market in mortgage-backed securities. But the legendary trader who helped create the game isn't too pleased by the changes in the market.

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mortgages, MBS, mortgage backed securities

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