U.S. banks and thrifts surpassed Fannie Mae and Freddie Mac as the biggest investors in mortgage-backed securities last year, and now foreign investors are threatening to relegate the government-sponsored enterprises to third place. Paced by hungry commercial banks, depository institutions held...[Includes a chart and graph]
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A sharp downturn in securitization of student loans helped drag down total issuance of non-mortgage ABS during the third quarter of 2006, according to a new analysis and ranking by Inside MBS & ABS. The $70.34 billion on non-mortgage ABS issued...[Includes 3 charts]
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Seeing a need in the credit derivatives market for more detailed and comprehensive ratings, research, analytics and evaluation services, Fitch Ratings this week launched a new ratings business that will focus on the unique risks of that market. Dubbed “Derivative Fitch,” the subsidiary is...
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Leaning heavily on the structured finance market, total issuance of collateralized debt obligations climbed to a record $117.77 billion during the third quarter of 2006, according to data reported by the Bond Market Association. The most recent three-month period marked...
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Ginnie Mae has launched a securitization program for reverse mortgages insured by the Federal Housing Administration – a move that the agency says will lower costs and improve liquidity in what some observers expect to emerge as a...
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The rapid deployment of a host of new mortgage products has challenged MBS analysts to figure out how hybrid ARMs, interest-only loans and option ARMs will perform over time. The task could get more challenging as the market adjusts to new regulatory and behavioral pressures...[Includes 2 charts]
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