After holding a series of private meetings with Fannie Mae, Freddie Mac, and select members of Congress over the last few months, the Treasury Department is about to issue new rules for the two government-sponsored enterprises that could limit their debt issuance and...
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Standard & Poor’s padded its lead as the top rating service in the non-agency MBS market through the first nine months of 2006, assigning grades to some 93.6 percent of new transactions issued during that period, according to... [Includes two charts]
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Securitization of home-equity lines of credit is growing as the product expands beyond its traditional bank customer base to a wider audience seeking to fund consumption of a range of consumer products and services. But the market appears still to be very much in its...
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Investors who have been gobbling up non-agency MBS backed by Alternative A mortgages at a brisk pace over the past few years may need to be concerned about a possible deterioration in the credit quality of loans going into new deals, according to...
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In an effort to broaden and diversify counterparty and other supporting party participation in structured finance transactions, Standard and Poor’s is considering increasing its counterparty and supporting party exposure risk tolerance. Derivatives, which are...
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The sharp drop in subprime mortgage securitization in the third quarter meant fewer non-agency MBS were produced with derivative financial instruments in place to bolster performance. A total of $154.84 billion of non-agency MBS... [Includes one chart]
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Despite widespread concerns about a cooling mortgage market, many secondary market investors are bullish on the sector and plan to grow in the months ahead. Management at KKR Financial is contemplating a shift in corporate structure out of the current...
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