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Volume 2014 - Number 39

October 17, 2014

Treatment of Non-Agency MBS in Liquidity Coverage Ratio Rule Seen as Detriment to Reviving Market

The liquidity coverage ratio rule recently finalized by federal regulators will hinder the revival of the non-agency MBS market, according to industry participants. Non-agency MBS are not counted as high-quality liquid assets (HQLA) under the rule, reducing incentives for banks to hold the securities. The Structured Finance Industry Group and others raised concerns about the lack of an HQLA designation for non-agency MBS at a time when the Obama administration is working to revive the non-agency MBS market. “There are...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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