What does the future hold in store for the mortgage- and asset-backed securitization markets? More finicky investors and more work for value-focused asset buyers, according to experts at this week’s ABS East conference sponsored by Information Management Network in...
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The asset-backed securitization market has put regulation AB comfortably in its rearview mirror as it heads into 2006, right? Not quite. In fact, a number of lingering issues continue to bedevil the market and could come to a head in 2007, when the first round of...
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When Bank of America announced last month that it was selling half of its $200 billion mortgage-backed securities portfolio, it surprised many on Wall Street even though some analysts have anticipated a retreat by major banks from the MBS market for some...
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The flow of adjustable-rate mortgages into the non-agency MBS market slowed down sharply during the third quarter, but ARMs still are the key product in new issuance, according to a new analysis and ranking based on our... [Includes one chart]
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The near-term outlook for mortgage-backed securities remains strong and Nomura Securities has decided it’s time to increase its market share. But in order to do that, the U.S. arm of the Japanese bank will close its trading desk and shy away from...
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With Democrats set to control both houses of Congress, Fannie Mae and Freddie Mac will face a much smoother legislative and regulatory environment in 2007, Washington political insiders and long-time observers say. Political risk has been a major problem for the...
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Commercial mortgage-backed securities issuance fell in the third quarter of 2006, but analysts predict healthy issuance through this year and next. There are, however, growing concerns about the amount of commercial mortgages secured by interest-only loans... [Includes 2 charts]
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Mortgage insurance companies, crowded out of the mortgage originations market by piggyback loans, are increasingly focusing on insuring high LTV loans in mortgage-backed securities pools. PMI Mortgage Insurance, for example, is branching out to provide...
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