American International Group (AIG) recently announced that they are going to be offering the first of two new residential mortgage backed securities packages. The total for both offerings is estimated to be $1.8 billion. The move by AIG is expected to be “the first bull out of the gate”. Other private label deals are expected to follow from other firms.
American General Mortgage Loan Trust 2010-1 also announced that they are going to offer $1 billion in securities that are backed by existing Stirrings in the Mortgage Market – WSJ – Prabha Natarajan
See Also:
Fed Should Sell Mortgage Backed Bonds – MarketWatch – Rex Nutting
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