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Amherst advises selling subprime, buying option ARMs

It's a great time for investors to sell subprime bonds and buy option adjustable-rate mortgages, according to Amherst Securities Group.
Analysts in the firm's MBS Strategy Group said the prepayment reduction on the subprime security is likely larger than on option ARMs, "thus cutting into the excess spread."
"The cash flow uncertainty is much higher in the [...]

 Amherst advises selling subprime, buying option ARMs

 Amherst advises selling subprime, buying option ARMs
HousingWire

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