After Bear catharsis, MBS a win for investors - Reuters
NEW YORK (Reuters) - The $4.5 trillion market for the most basic mortgage-backed securities that spread destruction across Wall Street in March has turned into the best place for a bond investor to be. Mortgage bonds issued and guaranteed by Fannie …
BlackRock buying UBS subprime debt for $15 billion: FT (Reuters via Yahoo! News)
U.S. asset manager BlackRock Inc is to buy a portfolio of subprime mortgage debt from UBS AG for $15 billion, the Financial Times reported on its website on Tuesday, citing people familiar with the transaction.
BlackRock to buy UBS debt (Financial Times)
BlackRock , the US asset manager, will pay UBS $15bn ( 7.6bn) for a portfolio of subprime mortgage debt in a deal that the Swiss bank plans to announce on Tuesday with its first-quarter results, people familiar with the transaction said.