In Distressed Mortgages, MBS Investors Stuck in a Holding Pattern

"Monday’s Wall Street Journal picks up the trail of a story we’ve been covering here at HW pretty extensively for the past six months, and notes that while money is piling up on the sidelines of the RMBS wreckage, there aren’t too many funds yet jumping in to buy paper that many still fear may ultimately be on what one market participant characterized as “a race to zero.”"