Reasonable Valuation of Illiquid Mortgage-Backed Securities

BVResearch Pro
Mercer Capital's Value Matters
May 12, 2008

Summary

An unprecedented wave of home mortgage defaults has triggered a widely publicized fallout in the subprime lending market in recent months. As a result, uncertainty has dampened investor enthusiasm for all mortgage-backed securities. While such securities ...
Reasonable Valuation of Illiquid Mortgage-Backed Securities
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