Cart

Inside MBS & ABS

May 9, 2008

View Archived Issues

Non-Agency MBS Players Continue to Struggle With Valuations in Current Dysfunctional Market

Despite massive writedowns on subprime and Alt A mortgage securities, no one appears to be in any hurry to unload much product in the current depressed MBS market environment. That’s because would-be buyers generally remain far apart from potential sellers... Read More

Liquidity Returning to Market but Non-Agency MBS Expected to Lag Behind Agency Issuance

The non-agency MBS market could gradually rebound from the shutdown that started in August, according to analysts, but full-fledged recovery might not occur until 2010 and it could be based on a different securitization model. At the Mortgage Bankers... Read More

Frustration, Blame Reign as Conforming Jumbo Programs Begin to Roll Out; Not Much Volume Expected this Year

The lack of jumbo conforming volume is starting to concern the legislators who authorized Fannie Mae, Freddie Mac and the FHA to enter the space through the end of this year. The government-sponsored enterprises and their regulator, however... Read More

Countrywide Ranks as Top Overall MBS Issuer In Early 2008 But May Need BofA to Stay There

Countrywide Financial remained the top overall producer of residential MBS during the first quarter of 2008, but Wells Fargo made a strong challenge to take over. Countrywide issued $59.51 billion of residential MBS during the... [Includes one chart] Read More

SEC Suggests Congress Should Clarify its Authority To Regulate Top Investment Bank Holding Companies

The Securities and Exchange Commission is working on fine-tuning its oversight of key Wall Street investment banks, but the agency is also suggesting Congress consider making its authority to regulate these institutions more explicit. The SEC launched its... Read More

Top-Rated Subprime MBS Out-Perform Treasuries, As Sentiment Mounts the Worst Might Just be Over

Top-rated subprime and home-equity MBS out-performed U.S. Treasuries in April for the first time since December, one of several recent indicators that suggest the financial vises gripping the U.S. economy are starting to loosen.Recent Lehman Brothers data show... Read More

Despite $2.2 Billion Loss, Fannie and OFHEO Setting The Stage for GSE to Access Significantly More Capital

Despite another huge loss in the first quarter and an even bleaker outlook on credit quality, Fannie Mae won more freedom from federal regulators and continued to position itself to take advantage of opportunities in a distressed mortgage market... Read More

S&P Stops Rating Second-Lien MBS Deals, Fitch Hangs on but With Low Expectations

Standard & Poor’s has announced it will cease rating residential MBS backed by closed-end second liens. But other rating agencies are not yet ready to throw in the towel. S&P’s decision was spurred by “an unprecedented level of loan performance deterioration” in... Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results