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Inside MBS & ABS

August 10, 2007

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‘Private-Label MBS’ Issuance Edges Higher, But Mid-Year 2007 May Be Market Precipice

New production of jumbo and Alt A MBS pushed to its third highest quarter ever during the second quarter of 2007, but the market now appears poised for a sharp downturn in volume rather than further growth. A total of $161.48... [Includes two charts and one graph] Read More

Alt A MBS Issuance Rises Again in Second Quarter, Pushed by Heavy Refinance Volume

New production of Alt A MBS climbed 4.2 percent in the second quarter of 2007, marking the third consecutive period of growth for the market. Quarterly Alt A issuance topped the $100 billion mark for just the third time ever... [Includes two charts] Read More

Some Fannie MBS Expected to See Faster Prepay Speeds Thanks to New Servicing Requirements

Fannie Mae announced late last week that recent servicing guideline clarifications might cause increased prepayments for some of its mortgage-backed securities. The catalyst for these changes was Announcement 07-03, in which Fannie introduced its new... Read More

Subprime Implosion Expected to Have Limited Impact On Most Big U.S. Banks; Problems Spreading Globally

Analysts believe most financial institutions are strong enough to withstand the crash of the subprime mortgage market, but many firms have some exposure to the problem. Most large commercial banks appear to be in position to weather the storm, analysts say. In a... Read More

Fitch Increases Subprime MBS Loss Expectations; S&P Puts Alt A MBS on Watch and Updates Rating Criteria

Fitch Ratings this week tightened its rating criteria for subprime MBS, echoing similar moves by its competitors, while Standard & Poor’s updated its criteria for Alt A deals and put a number of transactions on ratings watch. Among other changes, Fitch... Read More

ACB Joint Venture Seals Initial Deals to Sell Loans to Countrywide, Wells Fargo

A newly formed joint venture of community banks under America’s Community Bankers has signed its first two agreements to sell mortgage loans to secondary market units of Wells Fargo and Countrywide Financial. ACB Mortgage announced both one-year... Read More

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