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Here is a Great Example of the Current Mortgage Backed Securities Market?
2009-06-05 01:08:00 If you have wondered why mortgage rates have been climbing, falling, and climbing again, here is a great view into the current mortgage backed securities market? Mortgage backed securities have done three virtual freefalls in the last week and a half, only 8 trading days. Since MBS pricing is what drives mortgage rates, those freefalls ...
Central Banks Discussing Mass Purchases of Mortgage Backed Securities (MBS)
2008-03-22 16:24:00 As I mentioned earlier, the Fed has moved into a position of lender of first resort instead of last as it should be. Now it appears that the Central Banks on either side of the Atlantic are looking into the feasibility of actually purchasing the mortgage backed securities. According to Reuters, the Bank of England (BoE) ...
Sustainable Mortgage-Backed Securities - the Cure for the Common Stimulus P
2008-02-07 02:23:00 Sustainable Mortgage-backed Securities (SMBS) are a good idea at the right time-- that's why I have been working with MTS to get support for this path-breaking concept. Let me explain why-- in plain English. What are Sustainable Mortgage-backed Securities? Why does the market need them now? Giving "credit" where credit is due. What are Sustainable Mortgage-backed Securities? Simply put, mortgage-backed securities and the other complex financial instruments that have been flooding the news, cut up and redistribute a pool of financial payments to better meet the preferences of investors. Think of a mortgage-backed security as a bolt of cloth-- the cloth is cut up and made into different garments (trousers, suits, skirts), and the clothing is then sold to consumers with specialized preferences. The mortgage-backed security achieves something similar by cutting up and redistributing payments from a pool of mortgage loans to investors with different invest...
Fannie Mae Ties 3Q Losses to Alt A Mortgage Market
2007-12-13 18:04:00 Fannie Mae Ties 3Q Losses to Alt A Mortgage Market Over 25% of Fannie Mae’s credit losses in the third quarter came from its book of guaranteed alternative A mortgages, according to the company’s president and chief executive officer, Daniel Mudd. (...)
Bear Stearns Hedge Fund Losses Lead to Arbitration Claims
2007-12-05 15:27:00 Bear Stearns Hedge Fund Losses Lead to Arbitration Claims, According to Law Firms Representing Investors — BSC NEW YORK, Dec. (...)
Banks Not Providing Enough Transparency to Make Numbers Credible
2007-12-03 14:01:00 Interview with Janet Tavakoli of Takvoly Structured Finance: Accounting Not a Useful Tool for Estimating Risk Exposure Transcript: >> want to show you how a few financial stocks are doing today. (...)
A Good Understanding of Mortgage Backed Securities Posted By : Lesley Lyon
2007-11-29 07:00:00 Mortgage backed securities are one of the important reasons for the fast pace growth of real estate industry. Hence it is very important to have a good understanding of mortgage-backed securities. Read on to learn the key points of mortgage backed securities.
Key Aspects of Mortgage Backed Securities
2007-11-27 16:56:00 Mortgage backed securities are asset-backed securities with cash flow that is backed by the payments of a pool of mortgages. For the owner of such securities, their investment generates monthly payments over the life spans of the loans that are contained within the pool. Mortgage backed securities are part of the secondary mortgage market, in which mortgages are bought and sold by mortgage originators (the lenders who issue loans to home buyers).
Key Aspects of Mortgage Backed Securities
2007-11-27 16:56:00 Mortgage backed securities are asset-backed securities with cash flow that is backed by the payments of a pool of mortgages. For the owner of such securities, their investment generates monthly payments over the life spans of the loans that are contained within the pool. Mortgage backed securities are part of the secondary mortgage market, in which mortgages are bought and sold by mortgage originators (the lenders who issue loans to home buyers).
Forseeing Subprime Mortgage Implosion
2007-11-16 19:30:00 Forseeing Subprime: State-Run Investment Pools Hit by Mortgage Contagion. (...)
Subprime Mortgage Implosion In the Schoolhouse
2007-11-16 19:20:00 Subprime in the Schoolhouse. (...)
Barclays Bank Reports $2.7 Billion In Write Downs
2007-11-16 19:09:00 Barclays Bank reports a $2.7 billion write down. No Tags
Citi Sold $4 Billion of 10 Year Notes
2007-11-16 19:04:00 Citigroup - Citi Sold $4 Billion of 10 Year Notes, Highest Relative Yield in Bank’s History; Investors Cash Out of GE Bond Fund After Subprime Mortgage Implosion. No Tags
Reverse Mortgages ? Mortgage-Backed Securities Packed by Ginnie Mae. Why yo
2007-11-13 18:25:00 Ginnie Mae had guaranteed reverse mortgage notes worth $116 million. So why should anyone care? The way this works is that reverse mortgages are packaged together to create a mortgage-backed security. Investors buy such securities and then get the interest they produce and perhaps appreciation. The importance of the Ginnie Mae announcement is that a lot of ... read more
S&P to Downgrade Coming to Alt-A Mortgage Backed Securities
2007-11-09 20:48:00 Market Watch is reporting tonight that Standard & Poors is considering downgrades to 484 mortgage backed securities made up of primarily Alt-A mortgage loans. Alt-A mortgages have credit characteristics slightly lower than prime mortgages but are often underwritten with no income documentation and with exotic terms such as negative amortization and interest only features. They ...
The Challenges Facing Subprime Mortgage Borrowers
2007-11-05 19:22:00 Governor Randall S. Kroszner At the Consumer Bankers Association 2007 Fair Lending Conference, Washington, D.C. (...)
Merrill Lynch CEO Resignation - Guaranteed $159 Million To Do So
2007-10-29 14:09:00 Merril’s O’Neal May Step Down Today. O’Neal’s stepping down a week after Merrill reported the biggest loss in the firm’s 93-year history. (...)
Government Accountability Office Underwriting Standards Deteriorated
2007-10-18 21:25:00 The liquidity provided by private label mortgage backed securities fueled aggressive lending practices that have contributed to rising defaults and foreclosures, according to a Government Accountability Office study. (...)
Nomura Closes Mortgage Backed Security Business
2007-10-17 18:15:00 Nomura Holdings of Tokyo, officially closed the remainder of its US residential mortgage backed securities business, an area that has seen heavy cuts. (...)
Government Backed Mortgage Market Very Cheap
2007-10-06 09:52:00 Government Mortgage Market Very Cheap. Oct. 04, 2007. 11:14 AM EST Analysis and Discussion with Joseph Balestrino of Federated Investors: No Default Risk on Government-Backed Mortgage Bonds; Avoiding Corporate Bonds on Concern Over Economy and Earnings; Junk Bond
Citigroup?s Profits To Fall 60%
2007-10-01 21:37:00 Citigroup Inc said Monday it expects third quarter profit to fall 60% from last year after huge write downs for unsold debt it issued to finance corporate takeovers and for big losses on the value of subprime mortgage backed securities. (...)
Thornburg Mortgage Shares Gain 70% Since August Lows
2007-09-29 22:57:00 Interview with CEO Larry Goldstone: July Events Undermined Mortgage Investor Confidence; Mortgage Security Pullback Affected TMA’s Balance Sheet; Investors Avoiding CDOs, Asset-Backed Securities, Thornburg Has to Undertake Series of Asset Sales; Markets Have Stabilized on Prime Side of Business; Still Concerns in Subprime Will See Continued Problems Collateralized Debt Obligation (CDO), Mortgage Backed Securities, mortgage news, Mortgage Video, Subprime Mortgage Industry
Fannie Mae Exclusive Outlook - ?Liquidity NOT Returning?
2007-09-27 20:45:00 Play Video Interview with Fannie Mae CEO Daniel Mudd Bloomberg-Clip - (BLOOM-Clip) Sep. 27, 2007. (...)
FHASecure Already Facing Serious Challenges
2007-09-27 20:15:00 Bond market traders don’t want the new FHASecure mortgages for subprime borrowers placed in Ginnie Mae I mortgage backed securities, so Ginnie officials are considering using customized pools with multiple issuers. (...)
Bankruptcy Bill Would Repeal Mortgage Exception
2007-09-24 19:27:00 California House of Representaties, Brad Miller and Linda Sanchez, have introduced a bill to repeal the home mortgage exception in the bankruptcy code so homeowners filing for Chapter 13 relief can get their mortgages restructured. (...)
A Good Understanding of Mortgage Backed Securities
2007-09-13 04:08:00 Mortgage backed securities are one of the important reasons for the fast pace growth of real estate industry. Hence it is very important to have a good understanding of mortgage-backed securities. Read on to learn the key points of mortgage backed securities.
A Good Understanding of Mortgage Backed Securities
2007-09-13 04:08:00 Mortgage backed securities are one of the important reasons for the fast pace growth of real estate industry. Hence it is very important to have a good understanding of mortgage-backed securities. Read on to learn the key points of mortgage backed securities.
Thornburg Sells $1.4 Billion In Mortgage Backed Securities (MBS)
2007-09-05 02:26:00 Thornburg Sold $1.4 Billion in Mortgage-Backed Bonds. Sep. 04, 2007. 03:00 PM EST When Will Thornburg Fund New Mortgage Loans? - Interview with Thornburg COO Larry Goldstone
What is A Mortgage Backed Security?
2007-09-03 01:28:00 What is A Mortgage Backed Security? Introduction to mortgage backed securities.
Standard & Poor Cuts Bear Stearns Debt Rating Outlook
2007-08-04 01:06:00 In-Depth Look: S&P Cuts Bear Stearns' Debt Rating Outlook. Bloomberg-Clip ? Aug. 03, 2007. 12:00 PM EST. Interview with Scott Sprinzen of S&P. Standard & Poor Cuts Bear Stearns Debt Rating Outlook.
Valuing Subprime Mortgage Backed Securities
2007-07-25 18:09:00 The issuance of subprime mortgage backed securities totaled $25.9 billion in June, down nearly 55% from the level recorded in June 2006, and a Friedman Billings Ramsey researcher says he expects subprime secularizations to remain at the $25 billion-a-month level for the rest of the year. (...)
CMOs and Mortgage Backed Securities
2007-07-22 00:00:00 CMOs, or collateralized mortgage obligations, are bundles of mortgages which are then divided up for sale by investment banks. Different types of these mortgage backed securities can vary widely in risk for investors, but recent problems with the subprime mortgage lending market could portend future problems for individual investors who have been sold these types of securities without their brokers fully explaining the risks involved. As set out in the following linked news stories, customers of Brookstreet Securities and Wedbush Morgan Securities have filed arbitration claims against their brokerage firms related to the sale of CMOs and other mortgage securities. Wall Street Journal article Orange County Register Article
Todays Mortgage Market News July 20 2007
2007-07-20 18:08:00 Treasuries are seeing a solid, albeit spotty volume-ized, bounce. (...)
Bear Stearns Hedge Funds Had Been Worth $1.5 billion, Now = Nothing
2007-07-18 15:49:00 Investments in two Bear Stearns hedge funds that had been worth $1.5 billion at the end of 2006 are almost entirely gone, the company said Tuesday
Todays Mortgage Market News
2007-07-17 19:58:00 Trade hangs lower after an array of potentially bond and MBS positive readings fails to support prices. (...)
Housing Through The Worst Loans Still Vulnerable
2007-07-16 15:48:00 Stocks at Record for Second Day; Economy Not at Risk of Falling Off a Cliff; Stocks Cheap vs. Bonds; Previewing Bernanke Next Week, and Fed's Next Move. Analysis and Discussion with Charles Lieberman of Advisor's Capital Management;
Price Transparency Won?t Solve The Subprime Problem
2007-07-13 18:09:00 Analysis and Discussion with Joseph Fichera, CEO of Saber Partners
Mortgage-Backed Securities Down, Down, Downgraded
2007-07-11 03:04:00 “Moody’s Investors Service said late Tuesday that it downgraded 399 residential mortgage-backed securities because of higher-than-expected delinquencies on the underlying home loans. The rating agency also said it put 32 other residential mortgage-backed securities (RMBS) under review for possible downgrades for the same reason. The RMBS were sold in 2006 and are backed mainly by ... |
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