TITLE

Slow MBS Market Hikes Fraud Risk

AUTHOR(S)
Fest, Glen
PUB. DATE
March 2007
SOURCE
Bank Technology News;Mar2007, Vol. 20 Issue 3, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the arising frauds in the mortgage-backed security (MBS) market faced by investment banks. The banks feared that the increasing fraud in lending may come to worst in the following years to come. Likewise, secondary market investors worries the possible degradation of their large-scale security pools. According to Christine Pratt, Financial Insights credit and banking research director, the capital markets aims to know more about the case, than to worry about it.
ACCESSION #
24566861

 

Related Articles

  • RUNNING ON EMPTY. Wallace, James // Estates Gazette;12/1/2007 Finance, p10 

    The article reports that investment banks have effectively stopped lending to commercial property firms resulting from debt freeze in the aftermath of the credit crunch in Great Britain. Securitising lenders have stopped lending because they were unable to recycle capital through selling loans...

  • CMBS: Deals caught in quarter-end rush.  // Asset Securitization Report;9/30/2002, Vol. 2 Issue 38, p22 

    Reports the mortgage-backed securities deals for the third quarter-end in U.S. Offer of the deals for alternative premium-priced triple-A tranches of spreads in the secondary market; Reallocation of investors in corporate markets; Effect of the spreads widening on the securities.

  • TDRs: A New, Improved Model for Mortgage Securitizations? Sinnock, Bonnie // National Mortgage News;10/12/2009, Vol. 34 Issue 4, p5 

    The article reports on the benefits of trust depository receipts (TDRs) in addressing the market securitization issues in the U.S. It notes that TDRs assist institutional investors in their valuation concerns. It mentions that TDRs are designed to attract buyers and achieve valuations. On the...

  • Little Harm Seen in Limiting Home Loan Banks. BROCKMAN, JOSHUA // American Banker;8/3/1999, Vol. 164 Issue 147, p10 

    Focuses on the impact of a proposed rule to limit the ability of 12 Federal Home Loan banks to buy mortgage-backed securities on the secondary market for mortgages in the United States. Aim to keep the banks focused on their mission of promoting home finance; Inability of the rule to produce...

  • Secondary market and the role of mortgage-backed securities. Carmona, Jose L. // Caribbean Business;4/12/2001, Vol. 29 Issue 15, p27 

    Focuses on the mortgage processes of the secondary market and role of mortgage-backed securities (MBS) in Puerto Rico and the United States. Overview on the US federal housing programs; Definition of securitization; Effects of MBS investment on the availability of mortgage loan funding.

  • Europe Banks Want U.S.-Style Secondary Market.  // American Banker;11/18/2003, Vol. 168 Issue 222, p12 

    Reports on the outlook for an equivalent to the U.S. government-sponsored Fannie Mae enterprise in Europe's loan market, in light of a proposal to create a secondary market for home loans. Discussion of the European Mortgage Finance Agency project that would create a liquid market for...

  • Is it time to short CMBS? A. P. // Asset Securitization Report;2/27/2006, Vol. 6 Issue 8, p14 

    The article reports that collateralized mortgage-backed securities have reached for excess loan volume to compensate for declining profit margins in the United States. Asset-backed securities investors have been concerned with shrinking credit enhancement levels and deteriorating underwriting...

  • Investors Looking for More Assurance About the Quality of Loans Backing MBS.  // National Mortgage News;5/19/2003, Vol. 27 Issue 34, p14 

    Reports that investors in the United States are looking for more assurance about the quality of loans backing mortgage-backed securities. Strategies that investment banks use to ensure the quality of the loans behind their securitizations; Frequent exceptions made to underwriting guidelines by...

  • Some RMBS deals feeling the Louisiana blues. McGeer, Bonnie // Asset Securitization Report;2/20/2006, Vol. 6 Issue 7, p9 

    The article reports that the increase in loan delinquencies across Louisiana worries investors in subprime residential mortgage backed securities. Also, mortgage performance is on a deteriorating path following the hurricanes. The lower rate of curing from the current delinquency than...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics