Cart

Inside MBS & ABS

January 4, 2008

View Archived Issues

Non-Agency MBS Market Crumbles in 4Q07 But Agency Programs Keep Rolling Along

The severe liquidity crunch that has dominated the MBS market since July 2007 continued to worsen in the fourth quarter as new securitization of subprime and Alt A deals virtually ground to a halt in December. According to preliminary... [Includes two charts] Read More

New Questions Raised as Servicers Gain More Experience with Loan Modification

A mortgage loan does not have to be 120 days delinquent to qualify for Wall Street’s fast-track loan modification plan even if it is held in a securitization trust as long as the default is “reasonably foreseeable,” according to the American Securitization Forum... Read More

SIFMA Releases Final Guidelines on Delivery of Offering Materials Related to Fannie, Freddie, FHLBank Securities

Hoping to increase efficiency and lower costs for the securities industry, the Securities Industry and Financial Markets Association has issued the final version of its revised guidelines that will facilitate electronic delivery of offering materials for securities... Read More

S&P’s New MBS Overcollateralization Floor Levels Expected to Increase Ratings Stability

Standard & Poor’s suggests its new minimum overcollateralization levels for mortgage-backed securities will result in fewer downgrades. The rating service also recently took a number of actions relating to Alt A MBS. After downgrading massive amounts... Read More

Declining Capital Levels at Fannie and Freddie Mean More Buying Opportunities Left on the Shelf

Both Fannie Mae and Freddie Mac have seen their capital levels under stress for much of 2007, and that’s meant plenty of purchasing opportunities have been passed by. The latest capitalization report by the Office of Federal Housing Enterprise Oversight just... Read More

Slow Fourth Quarter Pushes Agency-Backed REMIC Production to 7-Year Low in 2007

New issuance of agency-backed structured MBS declined with the rest of the mortgage securities market during the fourth quarter, bringing total production for the year to its lowest annual level since 2000, according to a new... [Includes two charts] Read More

Ginnie Mae Issues New Rules for Reporting Tax Data to Investors, IRS

Ginnie Mae has revised its method of reporting tax information to MBS investors and the Internal Revenue Service, based on changes to IRS rules for widely held fixed investment trusts. The announced changes in APM 07-16 supersede previous reporting requirements to... 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