In another sign of strong demand by investors for nonperforming residential mortgages, the asset class is edging closer to more rated, public securitizations — a rarity in this largely opaque market.

Brian Grow, managing director of RMBS at Morningstar Credit Ratings, said the queries the firm is receiving on rating this asset class have gone up in the last year, and “issuers are getting more specific in their questions.”

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