Cart

Inside MBS & ABS

January 21, 2011

View Archived Issues

SEC Unevenly Approves New ABS Disclosure Rule Over Concerns About Third-Party Due Diligence

The Securities and Exchange Commission this week approved a final rule in a 3-2 vote that will require ABS issuers to conduct reviews of the assets contained in their securities and then disclose their findings to investors. The new rule implements... Read More

SEC Final Rule on Reps and Warrants Includes More Flexible Filing, One Year Phase-In Period

The Securities and Exchange Commission this week approved a final rule on the use of representations and warranties that features more flexible filing requirements than the original proposed rule stipulated, along with a one-year transition. The new disclosure rules for ABS were mandated... Read More

Regulators May Try to Design a Dynamic System for Risk-Retention Requirements

Federal regulators who are racing to draft new risk-retention rules for the MBS and ABS markets may try to look beyond protecting investors to designing a system that also stabilizes the economy. A report released by the Financial Stability Oversight Council this week notes that risk retention “may help... Read More

Basel III, Collins Amendment of Dodd-Frank Act Capital Requirements Likely to Hit GSEs Hard

Expect the final Basel III global capital rules, in concert with a provision of the Dodd-Frank Act, to have a heavy impact on Fannie Mae and Freddie Mac – or their successor organizations – as they will need a substantial amount of private capital beyond any federal guarantee to be... Read More

Conservative Think Tank Outlines Reasons for Dismantling GSEs, Letting Private Sector Take Over Securitization

The U.S. can gradually transition to a predominantly private mortgage finance system by scaling back Fannie Mae and Freddie Mac to make room for non-agency securitization and other financing mechanisms, according to a new report from the conservative American Enterprise Institute. At the end of this month, the Obama administration is... Read More

FDIC’s Title II Letter Allays Concerns About Securitizations by Non-Bank Financial Firms

Securitization transactions by nonbank financial companies in receivership will be subject to sale principles under bankruptcy law rather than to repudiation authority until at least June 30, 2011, when regulations implementing systemic risk provisions of the Dodd-Frank finance reform law are finalized... Read More

Claim that New York Trust Law Invalidates Mortgage Transfers is Bogus, Attorneys Say

An academic’s doomsday claim that millions of mortgage notes may not have been properly transferred to securitization trusts in compliance with New York trust laws doesn’t hold water and shouldn’t be taken seriously, according to industry attorneys. Investors shouldn’t be... Read More

Handful of Top Mortgage Companies Dominate Agency MBS Market in 2010

Several of the top mortgage lenders that are responsible for a huge chunk of agency MBS issuance increased their market shares during 2010, a time when overall production was falling, according to a new ranking and analysis by Inside MBS & ABS. Wells Fargo remained...[Includes one data chart] 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