Investors expect no revival of the mortgage-bond market until 2012

08/11/2010 | Bloomberg

Moody's Investors Service surveyed attendees at an industry conference and found that nearly three-quarters think the market for home-loan securities will not make a substantial comeback before 2012. Issuance reached nearly $1.2 trillion in 2005 and 2006 and then essentially froze in 2007. "The pipeline is just kind of starting to wake up again," said Linda Stesney, managing director at Moody's.

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