Cart

Inside MBS & ABS

February 11, 2011

View Archived Issues

MBS Market Itching to Start Doing Deals Again, But ‘GSE Problem’ Blocks Road

Despite significantly tougher securitization rules – many of which are still just half-baked – industry experts widely agree that the biggest obstacle to recovery of the non-agency MBS market is the government’s ongoing domination of the conventional mortgage business through Fannie Mae and Freddie Mac. “GSE reform is... Read More

Regulations Are Still Major Issue for ABS Market, But Fundamentals Are Rebounding

The non-mortgage ABS market has largely recovered from the financial meltdown, and investors, issuers and other securitization players at this week’s annual conference of the American Securitization Forum expressed cautious optimism about surviving the tidal wave of regulatory reform. Reed Auerbach, a partner at Bingham McCutchen, said... Read More

Lowering the Loan Limit, Raising G-Fees Among Options Suggested to Lure Private Capital Back

Private policy specialists suggested that the House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises lower the conforming loan limit and raise the Fannie and Freddie MBS guarantee fees to help attract... Read More

Commercial MBS Market to Improve in 2011, But More Pain Ahead and Investors Fear Overheating

Look for the commercial MBS market to continue heating up in 2011 thanks to investor demand, and as much as $50 billion of new CMBS issues this year is a reasonable expectation. But market overheating concerns abound and experts warn to expect more pain ahead. The CRE Finance Council is forecasting...[Includes one data chart and one graph] Read More

Fitch Seeks Industry Views on New Loss Model for Rating New Issue Prime RMBS

Fitch Ratings is seeking comment on a new model for estimating losses on securitized residential mortgage pools which may result in credit enhancement on future residential MBS issuances far greater than required before the financial crisis. Fitch’s new prime RMBS loan-loss model is designed... Read More

Critics Contend Bankruptcy Mediation Plan Could Be Back Door to Cramdown

Mortgage industry groups are concerned that a proposal in the Senate giving bankruptcy courts authority to mediate differences between borrowers and creditors could lead to courts reducing the lender’s secured interest in the loan. Sen. Sheldon Whitehouse, D-RI, has propose... 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