Leading investment bankers are taking significant hits to their earnings from the subprime market debacle but most appear to be reshaping their troubled mortgage operations rather than abandoning the business. Bear Stearns this week reported a sharp 62 percent...
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The Bush administration’s modest gesture to give Fannie Mae and Freddie Mac more flexibility in managing their investment portfolios will likely have little impact on the struggling non-agency MBS market. But it’s already sparked a... [Includes one chart]
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Treasury Secretary Henry Paulson told Congress this week that allowing Fannie Mae and Freddie Mac to securitize jumbo mortgage loans should be at best a temporary step taken only as part of broader legislation to strengthen regulation of the government...
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Whenever there is a meltdown in some segment of the U.S. economy, litigation is sure to follow, and the ongoing subprime crisis is no exception. But with CDO investors now standing to lose as much as $250 billion, thanks to the credit market contagion, there might...
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Thrift institutions added substantially to their investment portfolios of mortgage securities during the second quarter of this year, with the biggest increases coming in non-agency product. Savings institutions insured... [Includes two charts]
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The Depository Trust & Clearing Corp. is undergoing a massive overhaul of its structured securities processing to stem the increasing costs of late principal and interest payments related to human errors. According to a recent study by the company, the...
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The outstanding volume of single-family mortgage securities grew faster than the rate of increase in all mortgage debt, with Fannie Mae and Freddie Mac leading the charge. A total of $6.259 billion of mortgage securities were outstanding in... [Includes one chart]
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