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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities. Provides extensive data on all securities and rankings of issuers and underwriters. Includes definitive coverage of both the agency and non-agency markets including important accounting issues, controversies, top players and government programs. Inside MBS & ABS is published 48 times a year.

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Poll

What is it going to take to convince lenders to loosen the credit box (i.e., remove underwriting overlays)?

The recent rep and warranty changes announced by the Federal Housing Finance Agency should go a long way in protecting lenders from future buybacks and help expand mortgage credit.
There won’t be any significant elimination of underwriting overlays until the government stops seeking huge mortgage-related penalties and settlements from lenders.
There shouldn’t be any expansion of the mortgage credit box since looser underwriting is what caused the recent mortgage crisis.

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