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Inside MBS & ABS

January 7, 2011

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Securitization Activity Strengthened in Late 2010 as Mortgage Refinance Volume Surged

New production of mortgage- and asset-backed securities failed to reach the $2 trillion mark for the third year in a row in 2010, falling 19 percent below the volume of new deals generated in 2009, according to a new Inside MBS & ABS analysis. Activity did pick up in the fourth quarter, when a total of $494.5 billion of new MBS and ABS were issued. That represented...[Includes two data charts] Read More

Non-Agency Put-Back Exposure Will be Manageable, BofA, Ally Settlements with Fannie, Freddie Suggest

Industry analysts believe that the recent repurchase agreements that Bank of America and Ally Financial have reached with Fannie Mae and Freddie Mac suggest the industry will have substantial, but manageable, exposure from the non-agency side. Analysts at Keefe, Bruyette & Woods estimate... Read More

FDIC Engages in Second Transaction with Asset Manager, Sells Stake in Residential Mortgage Pool

The Federal Deposit Insurance Corp. recently sold almost half of a $603 million mortgage loan portfolio to RoundPoint Financial Group, a company that originates and services residential loans, marking the federal agency’s second transaction with the company in 2010. Roundpoint, based in Charlotte, NC, announced... Read More

SEC Starts Research on Possible Standardization of Credit Ratings

The Securities and Exchange Commission this week asked for public input on whether credit rating terms and methods could be made more standardized. Congress directed the agency to undertake the credit rating standardization study under provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act. Standardization could... Read More

RMBS Forecasting Capability Taken to Another Level With BlackBox, Thetica Systems Collaboration

Investor demand for more information about MBS performance has motivated loan-level data providers and analytics firms to offer enhanced analytics platforms at various price points. BlackBox Logic and Thetica Systems have responded by partnering to produce a residential MBS forecasting capability that can provide... Read More

Fed Study Asks: ‘Did Federal Reserve’s MBS Purchase Program Lower Mortgage Rates?’

Analysts at the Federal Reserve have concluded that the agency’s 16-month MBS purchase program implemented during the financial crisis helped lower mortgage interest rates by removing substantial risk premiums as well as re-established a robust secondary mortgage market. But they noted... Read More

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