MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, December 22, 2017 Gundlach Brings One of His Favorite Asset Classes In-House Jeffrey Gundlach and his team are making another unconventional move, one that will bring in-house the creation and securitization of one of Gundlach's favorite asset classes. Gundlach's Los Angeles-based DoubleLine Capital [profile] is creating Mortage Opportunities Capital as part of a plan to originate and securitize mortgages that aren't backed by Freddie Mac or Fannie Mae, Bloomberg reports. The publication cites unnamed regulatory filings. Gundlach has long been a big investor in mortgage-backed securities. Yet there is a "dwindling supply" of this particular type of mortgage, Bloomberg notes, thanks to heavier regulations on banks and brokerages after the financial crisis. That makes the interest rates on such mortgages, and the mortgage-backed securities derived from them, even more attractive for investors like the institutions served by DoubleLine. Fundsters interested in the mortgage-backed securities market should dig into the full Bloomberg article. Printed from: MFWire.com/story.asp?s=57433 Copyright 2017, InvestmentWires, Inc. All Rights Reserved |