While refinancing activity has been more responsive in recent weeks, successive percentage gains have been lower.
The rating agency liability issue alone is likely to mire the market for some time.
The catalyst appears to have been a report issued on Tuesday last week from Morgan Stanley economists.
MBS analysts across the Street are still expecting limited supply in the near term.
Fannie Mae President Michael Williams said the GSE is preparing for an expected overhaul of the U.S. housing system.
The top three ratings agencies are seeking to regain credibility by tailoring their research efforts to better meet investor needs.
While it isn't news that home prices impact the prepayment and credit performance of mortgage loans, it is useful to review lessons of the past few years.
Market experts said that the ABS and covered bond markets could definitely co-exist.
The old adage of one man's junk is another's treasure could be the best way to describe the situation that is creating a schism in CMBS land today.
There are certain areas of the securitization market that present opportunities for investors.
Mortgage prices across most of the stack are sitting at record highs, while mortgage rates are near record lows.
Last June the Basel Committee released the calendar for implementing adjustments to the Basel II market risk framework.
Bank of America Merrill Lynch managed to claim the top lead manager position with a market share of 17% and $4.4 billion in issuance.
While the process of securitizing financial assets worked well for decades, the market forces that traditionally protected investors gradually failed between 2004 and 2007.
SiLAS 2010: Looking Back and Working Out the Kinks