Efforts to bring back a private-label RMBS market have not been quick, nor — dare I say —wholly successful at this point. But they are persistent, which is among the reasons why I think they will eventually succeed.

And momentum does appear to be building this year, at least on a relative basis, as a Fitch Ratings report noted last week. Fitch last week also said in a report that a bottom to home prices “looks closer,” which could be promising for private-label RMBS issuers’ economics.

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