Cart

Inside MBS & ABS

September 14, 2007

View Archived Issues

Rating Services Defend Themselves as Hearings in Congress Loom and SEC Investigation Continues

The rating services continue to face criticism from legislators and regulators regarding their culpability in the current mortgage market turmoil. As members of Congress prepare to grill representatives from Standard & Poor’s, Moody’s Investors Service... Read More

Bank MBS Holdings Edge Higher in Second Quarter After Several Top Players Reshuffle Portfolios

The commercial banking industry ended up with a slight gain in its aggregate holdings of mortgage securities at the end of the second quarter, although several of the top players made significant changes in their portfolios... [Includes three charts] Read More

Mortgage Market Turmoil Turns Federal Home Loan Banks into Major Funding Players

While it’s widely acknowledged that Fannie Mae and Freddie Mac have reaped some competitive benefits from the freefall in the non-agency market, the other government-sponsored enterprises – the Federal Home Loan Banks – have also seen their fortunes bolstered... Read More

Freddie Guarantee Business Gaining Strength; Volume, Penetration Expect to Continue to Grow

Freddie Mac reported this week further evidence that the market’s continuing troubles mean a lot of good things for its own business, including a 16 percent annualized growth rate for its guaranty business in the second quarter.“This is an about-face from the... Read More

Most ‘Rate-Spread’ Mortgages Sold to Conduits, Mortgage Bankers and Non-Agency MBS in 2006

Rate-spread mortgages – a bureaucrat’s proxy for subprime loans – appear to travel through several hands before they wind up in non-agency MBS, according to a new Inside MBS & ABS analysis of Home Mortgage Disclosure Act data. Lenders subject... [Includes one chart] Read More

S&P Stakes Bigger Claim in Non-Agency MBS Ratings Market; Moody’s Rules Non-Mortgage Business

Standard & Poor’s retained its status as the top player in the rating of non-agency mortgage securities through the first six months of the 2007, putting its stamp on 95.6 percent of deals rated during that period. That was up from... [Includes two charts] Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results