Cart

Inside MBS & ABS

August 7, 2009

View Archived Issues

Agency MBS Issuance Drops Sharply in July But Ginnie Pushes to New Monthly Record

Agency MBS production cooled off significantly in July, as the end-of-quarter rush of new securitization tapered off, according to a new analysis and ranking by Inside MBS & ABS. A total of $166.09 billion of new agency MBS were issued during July, down 29 percent from June’s record monthly volume of $235.02 billion. Even with the decline, July was still the... [Includes one chart and one graph] Read More

Obama Set to Turn Secondary Market on Its Head With ‘Good Bank, Bad Bank’ Approach to Assets

Renewed talk about radical restructuring of Fannie Mae and Freddie Mac through a “good bank, bad bank” approach is raising concerns about investor confidence in the government-sponsored enterprises’ massive MBS programs as well as their future viability. Under the concept still being developed and debated within the Obama administration, the bad assets of the two GSEs would be... Read More

Dodd Lays Down the Foundation of Credit Rating Reform Legislation

Sen. Chris Dodd, D-CT, chairman of the Senate Committee on Banking, Housing and Urban Affairs, this week laid out his views of what a credit rating reform bill should contain even as credit rating agencies urged caution in moving forward with legislation. In a Senate banking committee hearing this week, Dodd said bad methodology, weak regulatory oversight, conflicts of interest... Read More

HPDP Incentives Too Little to Raise Investor Enthusiasm for More Loan Modifications

The government’s Home Price Decline Protection incentive is a positive move to address investors’ concerns about loan modifications amid falling home prices, but the paltry amount may not spur investors to be more aggressive on modifications, analysts say. A component of the Home Affordable Modification Program, the HPDP would pay investors between 1 percent and 3 percent of... Read More

‘Off-Market’ Solutions Could Have Many Severe Unintended Consequences for the MBS Market

Some industry groups are clamoring for an “off-market” approach to help spur the housing market by having the federal government directly fund mortgages at a fixed, pre-set rate, effectively bypassing the secondary market. But this simple-sounding theory, born of the continued challenges being faced in the domestic real estate space, could have serious, wide-ranging and... Read More

GSE Retained Portfolios Declined Again in Second Quarter Despite Freddie Bump in June

After a growth spurt in early 2009, Fannie Mae and Freddie Mac saw their retained portfolios decline slightly during the second quarter of this year as aggressive MBS purchases by the Federal Reserve and the U.S. Treasury have helped crimp their investment opportunities.The two government-sponsored enterprises had some $1.622 trillion of mortgage-related investments... [Includes one chart] Read More

Lawmakers, Industry Reps Join to Urge Treasury And Fed to Extend the TALF for Another Year

The Obama administration is facing an increased lobbying initiative from dozens of members of Congress and a number of industry groups to extend the lifespan of the Term Asset-Backed Securities Lending Facility, and to expand the kinds of collateral eligible for participation in the program to include residential MBS. Last week, a bipartisan group of 41 members of Congress wrote... 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