Mortgage Securitization

Treasury Credit Rating Agency Exercise

Pool characteristics from Department of Treasury exercise in which six rating services rated pools of mortgages acquired by Freddie Mac and a hypothetical non-agency MBS to show probable credit enhancement required for non-agency MBS. Includes average underwriting characteristics for each pool and AAA-level expected losses for each pool from each rater.

4Q14 Data

Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

vote to see results