Cart

Inside MBS & ABS

October 29, 2010

View Archived Issues

Agency MBS Market May Change Little Next Year But Its Future Could Begin to Take Shape

The agency MBS market in 2011 will probably look a lot like it does now, only smaller, but industry experts think the outline of the industry’s future may begin to take shape next year. Fannie Mae and Freddie Mac officials speaking at the Mortgage Bankers Association annual convention in Atlanta this week suggested... Read More

Wall Street Favors Conflict-of-Interest Prevention but Cautions SEC Against Overly Aggressive Rulemaking

Wall Street cautioned the Securities and Exchange Commission against implementing overly broad rules to prevent conflicts of interest in securitization that could end up inhibiting many activities currently undertaken by asset-backed market participants. Commenting on the SEC’s proposed... Read More

Non-Agency MBS Issuance Slumps to Two-Year Low in Third Quarter, Credit Suisse Dominates

The long-suffering non-agency MBS market sank to its lowest new issuance level in nearly two years during the third quarter of 2010, generating just $8.96 billion in new production, according to a new ranking and analysis by Inside MBS & ABS. That was down 44 percent from the third quarter and represented...[Includes three data charts] Read More

Uncertainty over Full Extent of Losses from Reps And Warranties Repurchases Hangs over Markets

There is a tremendous amount of uncertainty among investors as to just how large bank losses from reps and warranties-related repurchases will eventually become, especially as they relate to non-agency securitizations. They’ll be large, but not large enough to pose... Read More

MBS Investors Have Recovery Options, But Should Expect Stiff Resistance From Banks

Litigation tools can help residential MBS holders overcome conflicts of interest and other consequences of the current foreclosure crisis, said industry experts at a briefing sponsored by Grais & Ellsworth LLP, a litigation firm representing ABS investors. While the nation’s biggest banks come under fire... Read More

Lots of Options on the Table as Policymakers Try to Design New Secondary Mortgage Market

There is still no consensus among scholars and government officials regarding the gigantic task that must be dealt with come January: reforming the government-sponsored enterprises. During a mortgage symposium held this week by the Federal Reserve and the Federal Deposit Insurance Corp., opinions about the future role... Read More

Industry Groups Suggest Changes to Regulators’ Plan To Replace Credit Ratings in Capital Assessments

Most banking groups appear to support a joint regulatory proposal that would provide a standardized approach in which all securities holdings would have the same risk weight for regulatory capital purposes and an advanced scheme under which banks could make their own risk assessments subject to regulatory oversight. Federal banking regulators are required... 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