The mortgage securities market was alive and well in the first quarter of 2007, fighting off a deluge of gloomy headlines and a business slump that hasn’t yet materialized. Despite epic upheaval in the subprime mortgage market – another... [Includes two charts]
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Securitized prime, Alt A and subprime mortgage credit performance continued to weaken in January, but the deterioration could be close to peaking, according to a new report by Friedman Billings Ramsey. First, the prime loan default rate rose to 0.38 percent in January...
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The House of Representatives is expected to approve a bill to reform the oversight of the government-sponsored enterprises that was recently passed by the House Financial Service Committee, but the prospects in the Senate seem as uncertain as they’ve been in a long...
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The tightening of credit default swap spreads seen last year and early in 2007 have “widened substantially” since the end of February due to a “confluence of negative market events,” according to the latest CDS Roundup issued by Derivative Fitch. “We saw spreads...
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Issuance of structured mortgage securities backed by agency pass-through deals jumped sharply in the first quarter, with $58.23 billion in new volume. That was up 34.0 percent from the fourth quarter of 2006, when... [Includes two charts and one graph]
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Investment banking firm RBC Capital Markets is expanding its roster as it seeks to take its U.S. fixed income game to a higher level.After becoming a registered REMIC dealer with Fannie Mae, Freddie Mac and Ginnie Mae in December, RBC Capital Markets has hired...
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