The so-called private-label MBS market hit a record $175.96 billion in new issuance during the third quarter of 2005, and is now heavily dominated by the securitization of Alternative A mortgages. A new ranking and analysis by Inside MBS & ABS shows total production of prime non-agency MBS – including prime jumbo MBS and Alt A deals – jumped by...[Two data tables included]
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New issuance of Alternative A MBS surged to a record $103.69 billion during the third quarter, a hefty 26.0 percent increase from the previous period. Through the first nine months of the year, a total of $245.54 billion of Alt A MBS has been is-sued, well more than...[One data table included]
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Fannie Mae executives told investors this week that mortgage assets could become more attractive investments for the government-sponsored enterprise in the coming months – even though both government-sponsored enterprises continue to scuffle with accounting issues.GSE officials made these market observations during a conference call...
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Critics of the government-sponsored enterprises might clamp down on GSE investment activities even if their larger reform project fails to gain any more traction this session. Sen. Chuck Hagel, R-NE, and Sen. John Sununu, R-NH, said they plan...
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Issuers of net interest margin securitizations are pushing the envelope with new structures – even as issuance volume in the sector has begun to slide a bit. According to data compiled by Inside MBS & ABS...
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Whether consumers continue to cash out the built-up equity in their mortgages will go a long way in determining how much extension risk MBS investors face in today’s rising interest-rate environment, according to analysts at Bear Stearns. As interest rates rise, the likelihood of prepayment decreases...
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