The mortgage securitization business appears to have adjusted to new disclosure requirements – and there will always be accounting changes in the works – but the biggest regulatory challenge facing the market may be an ongoing federal and state crackdown in the primary...
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Production of prime non-agency MBS dropped sharply in 2006, but the market still reached its second highest level ever – thanks in large part to the booming nontraditional mortgage business. A total of $584.71 billion of prime... [Includes two charts and one graph]
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Secondary market mortgage investors looking for a new way to generate profits from hybrid adjustable rate mortgage securities may find an answer in the Hybrix indexes. Markit, the London-based company behind the ABX indexes, has joined with CDS IndexCo, a...
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Top subprime originators have acknowledged that the loans they put into mortgage-backed securities last year performed disappointingly, and are making moves to improve credit quality.At the American Securitization Forum’s ASF2007 conference last week in...
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Washington Mutual’s completion of the first U.S. covered bond offering last year has raised the structure’s profile in the U.S. and excited foreign investors. Banks currently receiving funding through the Federal Home Loan Bank system see covered bonds as an alternate...
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