From January 2000 through May of this year, Fannie Mae and Freddie Mae's combined "books of business" (retained portfolios and guaranteed mortgage-backed securities
sold into the marketplace) have ballooned 77 percent to $3.
The risk transfers carried out through the commercial mortgage-backed securities
market, however, have been very limited.
Last autumn's severe disruption in the commercial mortgage-backed securities
(CMBS) market is just a memory now.
hired Ranjit Kripalani, former head of mortgage-backed securities
at Chase Securities Inc.
18 /PRNewswire/ -- A previous release announcing the lowered ratings of Delphi Financial Group implied that Reliance Standard Life's invested assets consisted 100% of mortgage-backed securities
, which is not the case.
Others are firms that focus tightly on underwriting issues in such areas as regionally based public finance or mortgage-backed securities
Concerns intensified in early 1990, when orderly liquidation of units of the Drexel Bumham Lambert Group was threatened by difficulties in settling transactions in certain mortgage-backed securities
and in foreign exchange that arose when participants lost confidence that the units would fulfill their settlement obligations.
This month's column discusses a consensus reached at a recent meeting of the FASB emerging issues task force (EITF or task force) concerning exchange transactions involving mortgage-backed securities
The management team of C-BASS and CIM has extensive expertise in mortgage investing, trading, securitization, servicing, and the tax aspects of mortgage-backed securities
They could avoid this risk entirely, and still provide liquidity to the housing market, simply by creating pools of mortgages and selling mortgage-backed securities
That's how securitization works: By creating mortgage-backed securities
, sellers usually get the highest prices for their loans.
14 /PRNewswire/ -- The Government National Mortgage Association (GNMA) has reached a major landmark in its 26 year history: it has guaranteed a total of $1 trillion in mortgage-backed securities
, which has helped provide mortgage loans for an estimated 17.