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MBS

Paydowns Expected to Rise to $130 Bln in February and March

March 1, 2010 - On Feb. 10, Freddie Mac made an unexpected announcement that it would "purchase substantially all 120 days or more delinquent mortgage loans from the company's related fixed-rate and adjustable-rate (ARM) mortgage Participation Certificate (PC) securities." The GSE said these purchases would be reflected in the factor report released on March 4. Later in the day, Fannie Mae made a similar announcement that its buyouts will begin in March - which will reflect in the April factor report - and take place over a few months' time.

CMBS Delinquencies to Reach 10%?

March 1, 2010 - What a difference a year, or three, makes. Back in 2007, CMBS delinquencies were at lows. This year, CMBS delinquencies are making headlines of a different sort for touching new highs. And it's going to get worse before it gets better.