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Volume 2016 - Number 9

March 4, 2016

Non-Agency MBS Reform Efforts Make Slow Progress As Investors Outline Principles for Deal Agent Role

A working group led by potential investors in new non-agency MBS detailed principles for the role of a deal agent this week, signifying some progress in reform efforts. However, a revival of the non-agency MBS market looks a ways off as other industry participants consider how a deal agent will actually function. We are now at a transition point for non-agency MBS reform efforts, where some market participants can start moving from a principles-level discussion to contractual negotiations, Monique Rollins, deputy assistant secretary at the Treasury Department, said at the ABS Vegas conference produced by Information Management Network and the Structured Finance Industry Group. The Treasury helped facilitate...

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

 

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