Index Tracks Mortgage Performance
Something to watch...Bear Stearns on Monday launched a new index of US mortgage performance, aiming to capture default rates more fully for holders of mortgage-backed securities.
The index comes as interest rates rise and concerns mount that the growing proportion of adjustable rate mortgages will cause problems. Default rates are tracked by MBS investors for indications of the health of the bonds they hold.
Financial Times: New Index tracks mortgage performance
The index comes as interest rates rise and concerns mount that the growing proportion of adjustable rate mortgages will cause problems. Default rates are tracked by MBS investors for indications of the health of the bonds they hold.
Financial Times: New Index tracks mortgage performance
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