In the video below, Motley Fool financial analyst David Hanson discusses JPMorgan's new sale of $616 million in private label mortgage-backed securities. While this market of MBSs that were not backed by Fannie Mae or Freddie Mac was enormous in the years prior to the recent financial crisis, today it is considered nearly a frozen market. David tells investors whether this was a risky move for JPMorgan, and who this could affect if this business picks back up.
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The article Does This Signal Wall Street's Return to Glory? originally appeared on Fool.com.David Hanson owns shares of Goldman Sachs, Goldman Sachs, and Goldman Sachs. The Motley Fool recommends Goldman Sachs. The Motley Fool owns shares of Annaly Capital Management, Bank of America, and JPMorgan Chase & Co.. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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