|
|
| | | |
|
Agency MBS Market Hits New Monthly Record In June as Refi Fuels Second Quarter Surge
The agency MBS market hit a crescendo of new issuance last month, pulling second quarter production levels to their third-highest level ever as U.S. borrowers capitalized on a refinance opportunity that may be closing quickly. A total of $231.91 billion of agency MBS were issued in June, breaking a monthly production record that has stood since September 2003. June’s... [Includes two charts]
|
|
OTS Provides Updated Guidance on Appropriate Risk Weighting of Downgraded MBS and ABS
The Office of Thrift Supervision is telling institutions it regulates that they need to revise the risk-based capital classifications of MBS and other securities they hold if rating services downgrade the securities. The OTS and other banking agencies issued final risk-based capital standards back in November of 2001 that allow insured institutions to hold less capital...
|
|
SIFMA Group Says Loan Mod Principal Forbearance Should Be Realized as Losses
The appropriate treatment for principal forbearance modifications is as realized losses at the time of modification, according to the Securities Industry and Financial Markets Association’s Asset Management Group. Principal forbearance modifications reduce a borrower’s monthly payment by permanently eliminating the interest accrual and amortization on a portion of the original principal...
|
|
Agency CMO/REMIC Issuance Up Sharply In 2nd Quarter; Goldman Sachs Takes Lead
Tracking the sharp increase in production of agency pass-throughs, issuance of structured mortgage securities backed by Fannie Mae, Freddie Mac and Ginnie Mae MBS rose significantly during the second quarter of this year. A total of $70.69 billion of agency real estate mortgage investment conduits were issued during the second quarter, up 132 percent... [Includes one chart]
|
|
Investors Stand Behind H4H Despite Mandatory Principal Reduction
The MBS investor community has mostly come to grips with the unsavory prospect of taking writedowns on their holdings, and an increasing number think the orderly process envisioned by the FHA HOPE for Homeowners program may be the best option. “Institutional investors absolutely want the HOPE for Homeowners program to work,” said Tom Deutsch, deputy executive director of the...
|
|
Fitch Urges Asset Managers to Do Deeper Analysis in Pricing Distressed MBS Tranches
Owners of distressed loan portfolios should conduct a more detailed analysis of valuation factors rather than depend on an index as a proxy for obtaining a price for a particular residential MBS tranche, according to analysts with Fitch Solutions. A new Fitch study on valuation of non-agency MBS tranches is the kind of drill-down analysis that asset managers should be conducting in...
|
|  | | Home | Login | Subscribe | Contact Us | User Agreement & Privacy Policy | © Copyright 2009, Inside Mortgage Finance Publications
7910 Woodmont Ave., Suite 1000, Bethesda, MD 20814
Tel: (301) 951-1240; Fax: (301) 656-1709
All rights reserved. Photocopying or electronic distribution of this web page or any of its contents without prior written consent of the publisher violates U.S. copyright law, and is punishable by statutory damages of up to $150,000 per infringement, plus attorneys' fees (17 USC 504 et seq.). Without advance permission, illegal copying includes regular photocopying, faxing, excerpting, forwarding electronically, and sharing of online access.
|
|
|
Shopping Cart
