When asked about the still-struggling nonagency market might return, some market participants in New York for the Mortgage Bankers Association’s National Secondary Market Conference even took on the controversial question of whether a subprime credit secondary market should come back some day.

The group, brought together by this publication to represent a broad range of market participants and data providers familiar with both the origination and loan performance issues in the market, debated the topic in the following excerpt from that discussion.

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