Are Mortgage Losses Stabilizing? Thrift Charge-Off Amounts for MBS Fall to Levels Not Seen Since 2007
July 10, 2009
The latest data from the Office of Thrift Supervision provide a preliminary indication that soaring charge-off rates on mortgage securities holdings by thrift institutions may have peaked during the fourth quarter of 2008, according to a new analysis by Inside MBS & ABS. The annualized net charge-off rate for thrift mortgage pool securities was 2.379 percent in the...