Pimco pumped on Freddie, Fannie debt
October 27th, 2011
Pacific Investment Management Co. says investors should buy Fannie Mae and Freddie Mac mortgage-backed securities that slumped in response to planned changes to the government-supported companies’ refinancing rules. “If you didn’t sell them two months ago and you’re selling them today, you deserve to be fired,” Scott Simon, the mortgage head at Newport Beach, Calif.-based Pimco, [...]
