Banks cut back on agency mortgage bonds, analysts say

08/6/2013 | Bloomberg

Banks have become reluctant to add further government-backed mortgage securities to their balances sheets, experts say. After two years in which commercial banks pumped $300 billion into the products, the past 12 months have been flat, according to a report from JPMorgan Chase. "Depository institutions are proving reluctant to invest right now," said Adam Yarnold of Barclays.

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