Cart

Inside MBS & ABS

January 14, 2011

View Archived Issues

Experts: Massachusetts Supreme Court Decision To Void Foreclosures Has Significant Upsides

While last week’s ruling by Massachusetts’ highest court invalidating two foreclosures due to procedural errors was not exactly welcome news, the decision actually contains some significant upsides for the mortgage securities business, noted legal experts and industry insiders. The Massachusetts Supreme Judicial Court’s unanimous ruling in U.S. Bank National Association v. Ibanez upheld... Read More

SEC Takes Another Swing at Boosting ABS Disclosure Requirements for Issuers

The Securities and Exchange Commission has proposed new rules that will require most asset-backed securities issuers to file ongoing reports for the duration of the security’s life, with limited exceptions. SEC rules currently allow... Read More

Significant Resets in Non-Agency Market Expected In Next 3 Years, Investors Face Huge Potential Losses

As the specter of increased interest-rate reset risk on a variety of mortgage loans looms over the non-agency MBS market, analysts are warning of potential losses to bondholders if further policy actions are not taken. Analysts at Barclays Capital are predicting... Read More

Agency REMIC/CMO Production Boomed in 2010, Barclays Expects Another Strong Year

Fannie Mae, Freddie Mac and Ginnie Mae generated $495.2 billion in agency-backed structured securitizations last year, a significant 62.0 percent increase over the prior year at a time when production of underlying agency pass-through securities was declining. The big surge came... Read More

Possible New FDIC Disclosures Could be Added to Mix of Risk-Retention, National Servicer Standards

The forthcoming federal rule on risk-retention for non-agency securitizers could become a vehicle for a wide range of new securitization requirements, including enhanced disclosure and new national servicing standards. The Federal Deposit Insurance Corp. is... Read More

MBS Investors Press Issuers to Audit Processes, Seek State Agency Push for Servicing Standards

MBS investors are becoming increasingly involved in the fast-changing regulatory environment for the securitization market, bringing more attention to the need for changes in servicing. A group of public pension funds from New York, Illinois, Connecticut, North Carolina, and Oregon this week collaborated... 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