The Financial Accounting Standards Board is considering significant changes in the rules governing securitization activity as observers question whether existing standards simply weren’t adequate for an increasingly sophisticated market or whether...
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The pace of new agency MBS issuance quickened by 7.3 percent from April to May, according to a new ranking and analysis by Inside MBS & ABS, while the non-agency MBS market continued to slumber. A total of $127.03 billion of MBS were issued by... [Includes one chart]
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Who needs federal regulators when there’s New York Attorney General Andrew Cuomo? After brokering a controversial settlement to overhaul appraisal policies at Fannie Mae and Freddie Mac earlier this year, Cuomo this week announced a deal that could “dramatically...
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A recent rapid rise in serious delinquency rates for recently issued Alt A MBS has prompted Fitch Ratings to revise its rating methodology for the struggling asset class. Fitch is replacing its pipeline default analysis with “a more forward-looking analytical...
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The mortgage securities market passed a milestone in the first quarter of 2008 as the share of home mortgages linked to MBS edged over the 60 percent mark for the first time ever. According to a new Inside MBS & ABS analysis of... [Includes one chart]
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In the wake of the collapse of Bear Stearns, three top broker-dealers heavily active in the mortgage finance universe saw their credit ratings downgraded this week, as it became increasingly apparent to analysts that revenues could drop further...
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