Investors Doubt Mortgage-Bond Revival Until 2012, Moody’s Says
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Investors doubt the market for home-loan securities without government backing will revive until 2012, according to Moody’s Investors Service.
About 74 percent of attendees surveyed for a June conference by the New York-based rating company responded that issuance, which essentially halted in 2007, will make a substantial “comeback” no sooner than 2012, Moody’s analysts Navneet Agarwal and Brian Harris wrote in an Aug. 6 report. Panelists speaking at the event agreed with the findings, they said.