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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (40922)	11/10/2005 10:37:21 AM
From: ild	Read Replies (8) \| Respond to of 116555

Fannie's Niculescu: MBS Has Cheapened, But Risk Growing DOW JONES NEWSWIRES November 10, 2005 9:41 a.m. NEW YORK -- Fannie Mae (FNM) executives threw cold water on recent speculation that the company could step up its purchases of fixed-rate mortgage bonds, providing this market with much-needed support. Peter Niculescu, executive vice president in charge of the housing agency's mortgage portfolio, told investors during a conference call Thursday that, despite the significant widening of spreads on mortgage bonds over the past month, Fannie still doesn't see "significant" investment opportunities. Rather, he said, "the tightness of the summer is being undone as the market returns to a more normal state."