A meager $28.93 billion of home-equity securities were issued during the third quarter of 2007, although production showed a little upward momentum at the end of the period. HEL securitization volume fell a whopping 69 percent as... [Includes two charts and one graph]
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Wall Street has raised a number of concerns regarding legislation introduced this week by House Financial Services Committee Chairman Barney Frank, D-MA, which secondary market participants say could reduce secondary market support for mortgages and deprive...
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The American Securitization Forum plans to issue investor reporting standards and model pooling and servicing agreement provisions relating to loan modification and loss mitigation activities undertaken in connection with residential MBS. “Those are both...
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Although some buyers had already begun to step back from the mortgage securities market by the middle of this year, other institutions continued to show strong appetites for MBS, according to a new Inside MBS & ABS analysis... [Includes one chart]
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Securities arbitration is fair, faster and less expensive than litigation, according to a new Securities Industry and Financial Markets Association white paper designed to rebut a growing legislative threat to ban arbitration in many contracts. “For...
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As the Federal Reserve works to increase regulation of the subprime market, consumer advocates are pushing for changes they suggest will benefit MBS investors. At a meeting of the Fed’s Consumer Advisory Council this week in Washington, DC, members of...
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Last week, Ginnie Mae announced it will keep FHASecure mortgages separate from other FHA loans in its securities. However, investors and lenders are concerned that some mortgages with FHASecure-characteristics will be included in regular Ginnie pools. During...
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