(Bloomberg) -- The worst is yet to come for mortgage
bonds as more holders are forced to sell the securities in a
falling market, Freddie Mac Chief Executive Officer Richard Syron
and investors James Chanos and Marc Faber said.
``Unfortunately I don't think we have hit bottom,'' Syron,
whose company is the second-largest source of money for home
loans behind Fannie Mae, said in an interview yesterday from
McLean, Virginia. ``Things are going to get worse.''
Read more at Bloomberg Bonds News
bonds as more holders are forced to sell the securities in a
falling market, Freddie Mac Chief Executive Officer Richard Syron
and investors James Chanos and Marc Faber said.
``Unfortunately I don't think we have hit bottom,'' Syron,
whose company is the second-largest source of money for home
loans behind Fannie Mae, said in an interview yesterday from
McLean, Virginia. ``Things are going to get worse.''
Read more at Bloomberg Bonds News
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