摩根士丹利：机构抵押贷款支持证券周报_ 猜猜是谁

June 13, 2025 10:41 PM GMT Agency MBS Weekly | North America Guess Who? Yes, they may own more conventionals than you think. But their demand has been muted, and it's unlikely to pick up meaningfully in the near term. This week, we take a closer look at holders of conventionals vs. Ginnies, the strength of CMO demand, and servicing transfer impact on prepays. Key Takeaways Exhibit 1: A common assumption is that overseas investors predominantly hold Ginnies for their explicit government guarantee; however, w ...