Bank of America

Banks Boost Private-Party MBS Holdings By $48 Billion During Fourth Quarter 

Jody Shenn at Bloomberg uncovers an interesting trend: banks with the largest portfolios of mortgage-backed securities are bulking up their portfolio of non-agency holdings, even as the market for such securities has all but disappeared — to the tune of an estimated $48 billion in new additions during the fourth quarter, according to a Barclays report released yesterday.