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Inside MBS & ABS

December 7, 2007

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ASF Announces Streamlined Foreclosure Avoidance Program for Subprime ARMs Facing Payment Shock

Cheered on and prodded by the Bush administration, the American Securitization Forum this week released a highly anticipated framework that’s designed to give mortgage servicers a green light to modify vast numbers of adjustable-rate... [Includes one graph] Read More

Foreclosure Mitigation Plan Seen As Mixed Bag by Some Analysts

Although the framework for streamlined loss mitigation announced this week by the American Securitization Forum won huge endorsements from the Bush administration and a broad coalition of servicers and housing counselors, some observers are skeptical. “Servicers are... Read More

Analysts Blame Credit Rating Agencies in MBS Mess, Urge More Transparency to Restore Investor Trust

Better transparency and predictability of the underlying mortgage asset may be necessary before investor confidence in the U.S. MBS market is restored, according to analysts at a housing forum hosted by the Office of Thrift Supervision. Analysts spread the blame... Read More

Thrifts Boosted Mortgage Securities Holdings Modestly in 3rd Quarter, ING Leads Sector

Savings institutions held $253.14 billion of mortgage securities in their investment portfolios as of the end of September, a modest increase from the previous period, according to a new ranking and analysis by Inside MBS & ABS. Although... [Includes two charts] Read More

Industry Keeps Warning Against Harming Secondary Market As Bankruptcy Legislation Gets More Attention in Congress

The mortgage and securitization industries continued to warn lawmakers this week of the dangers of harming the secondary mortgage market via “cramdown” provisions in various federal bankruptcy bills that are pending in both chambers of Congress. Leading up to... Read More

Monthly Non-Agency MBS Issuance Sinks to 6-Year Low in November, Helps Push GSE Share Higher

New issuance in the non-agency MBS market continued to sink to new lows in November, with a mere $18.49 billion in new volume coming to market. That was down 22 percent from the previous month and represented the lowest... [Includes one chart] Read More

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