After lightening up their mortgage portfolios in April and May due to rising interest rates and choppy liquidity, portfolio managers at Delaware Management Company Inc. believe that last week's Fed announcement may provide the impetus needed to re-enter the mortgage market with all guns blazing.

"This [announcement] could be good for mortgages and help spread product over the short term," said Stephen R. Cianci, vice president and portfolio manager of the Philadelphia-based investment company. "The surprise was that they didn't maintain the tightening bias, and instead they were neutral. So what I'm looking for now is a good entry point back into the market - and now we might be coming close to one."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.