With a solid boost in the fourth quarter, new production of Alternative A mortgage securities sailed to a record $365.68 billion in 2006 – and the sector may only get stronger in coming years.According to the... [Includes two charts and one graph]
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Issuers of non-agency MBS lined up derivative contract support for $178.56 billion of bonds issued during the fourth quarter of last year, accounting for 64.7 percent of total production during the period, according to a new... [Includes one chart]
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Standard & Poor’s this week provided more guidance on its ratings of non-agency MBS that use derivatives designed to offset basis risk or potential shortfalls in net deferred interest, or NDI. NDI shortfalls can occur in pools of loans that allow negative...
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The Year of the Pig represents a period of conflict, say Chinese soothsayers, and 2007 is already shaping up as a volatile year for the subprime MBS market. But conflict is fodder for due diligence providers. Due diligence service providers say demand for upfront...
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Most of the top producers of mortgage-backed securities in 2006 were companies firmly rooted in the primary market, according to the Inside Mortgage Finance MBS Database. Countrywide Financial and Wells Fargo – the top two mortgage... [Includes one chart]
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Rising defaults and foreclosures in the mortgage market could cause CDOs to pull out of the MBS market, potentially toppling the mortgage industry, according to some researchers. The pessimistic scenario was detailed in a working paper titled “How Resilient are...
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Moody’s Investors Service has released its first presale report for the subprime mortgage-backed securities it rates and Fitch Ratings will soon offer similar reports. Dominion Bond Rating Service, meanwhile, has offered presale reports for all MBS its rates...
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