Secondary Mortgage Markets

Place your ad here

Email Alerts

Receive an Email Alert each time a story is posted to Secondary Markets.

- Subscribe to Email Alerts

RSS

- Posts | Comments

- View All RSS Feeds

Newsletters

- Subscribe to Newsletter

- Subscribe to Mortgage Rates Update

Latest Headlines

From Secondary Markets

Concerns Grow Over Freddie/Fannie Price Dislocations

Prospects For Liquidity in Conventional 3.0 MBS And Mortgage...

Loan Pricing, Pipeline Hedging, and MBS Coupon Swaps

Trading in MBS Pools Backed By HARP Loans

Targeting Slower Prepay Speeds With Specified Pools

View All

Other Top Headlines

Fannie and Freddie: "Where the Money Went."

MBS RECAP: Settling Into Holiday Weekend Drift

Mortgage Rates Higher Today, Still Bouncing Around All-Time Lows

RMBS Investigators Announce Website, Coordination Team

MBA Hikes 2012 Origination Forecast by $200 Billion

Latest Video

"Fannie and Freddie: "Where the Money Went""

Published: 5/25/2012

View | Subscribe | Archive | Share

Comments

Kelcey Morange
Answers: 100
MisterVA
Answers: 94
Antonio Cibella
Answers: 81

Scenarios
Search

Channel Options ↓ More

Secondary Markets Headlines

RSS

EMAIL ALERTS

News » Secondary Markets

Home » News Headlines » Secondary Markets Home

Manhattan Capital Markets
http://www.bomcapital.com

About this Channel
This commentary focuses on the MBS/Secondary Markets with perspective from industry veteran Bill Berliner. Bill is the head of Manhattan Advisory Services, a subsidiary of Manhattan Capital Markets. Manhattan Capital serves mortgage lenders by providing a variety of capital market functions including TBA and specified pool trading and analysis, risk management services, and whole loan trading.

Sort by: Most Recent | Most Viewed | Most Commented

Concerns Grow Over Freddie/Fannie Price Dislocations

Comments (1)

Read More

by Bill Berliner on May 15 2012, 2:47 PM

One of the themes discussed at the MBA’s recent conference in New York was the idea of “a merger” of the mortgage-backed securities issued by Fannie Mae and Freddie Mac. The FHFA itself now lists one of its goals to "build a single securitization...
Prospects For Liquidity in Conventional 3.0 MBS And Mortgage Rate Implications

Comments (4)

Read More

by Bill Berliner on May 02 2012, 1:18 PM

At current near-record levels of consumer mortgage rates, and with MBS prices grinding higher, a natural question is whether rates are poised to push downward to new lows. In turn, a critical issue is whether the market for 30-year conventional 3.0s has...
Loan Pricing, Pipeline Hedging, and MBS Coupon Swaps

Comments (0)

Read More

by Bill Berliner on April 26 2012, 2:55 PM

While servicing valuations and the various adjusters are the most obvious factors impacting loan execution and pricing, the price spread between different coupons in the same product (i.e., coupon swaps) also play important factors. We'll take a brief...
Trading in MBS Pools Backed By HARP Loans

Comments (0)

Read More

by Bill Berliner on April 18 2012, 12:21 PM

Last week, I wrote about specified pool trading and how originators need to take advantage of pay-up opportunities by selling their production into the specified pool market. A separate but related subject is the market for pools backed by loans issued...
Targeting Slower Prepay Speeds With Specified Pools

Comments (0)

Read More

by Bill Berliner on April 11 2012, 10:47 AM

Last week's head-fake selloff and subsequent rally have put MBS prices back in sight of their early-February (and all-time) highs. This in turn has forced investors to look for ways to improve their investment results and carry-adjusted returns. Research...
The Non-Existent Non-Agency Market and Jumbo Lending

Comments (0)

Read More

by Bill Berliner on March 30 2012, 10:29 AM

My interest was recently piqued by a report in National Mortgage News entitled “Confidential Report: Jumbo Conduits Folding.” The report stated that “…’several’ conduits formed over the past year have been shuttered...
Examining Some Effects of a Sell-Off on The Secondary Mortgage Market

Comments (0)

Read More

by Bill Berliner on March 15 2012, 2:30 PM

The Treasury market has sold off over the last few sessions with a violence that brought the debacle of 1994 to mind for industry veterans. The yield on the 10-year has backed up by about 24 basis points since Monday’s close. What makes it feel...
Effects of Cash Flows on Mortgage Servicing

Comments (0)

Read More

by Bill Berliner on March 08 2012, 4:10 PM

As capital market consultants, we spend a lot of time talking and thinking about servicing-what it is, how it is valued, and how it can be expected to behave. While a lot of people in the industry have an understanding of servicing and its related securities...
Examining Factors Affecting ARM Loan Pricing

Comments (0)

Read More

by Bill Berliner on February 29 2012, 4:08 PM

A topic of particular current interest is the state of the ARM market , particularly with respect to the factors that drive ARM lending rates. Despite the record-low levels of fixed mortgage rates , the mortgage “curve” remains fairly steep;...
MBS Market Technical Factors: Dollar Rolls

Comments (0)

Read More

by Bill Berliner on February 24 2012, 7:25 PM

Previously we discussed the technical factor convexity . Another set of technical factors that impact secondary managers are in the dollar roll market that we discussed a few weeks ago. Dollar rolls (i.e., the price difference between the same security...
MBS Market Technical Factors: Explaining Duration and Convexity

Comments (0)

Read More

by Bill Berliner on February 21 2012, 5:33 PM

In a few recent columns, we’ve talked about duration and convexity in the context of changing market prices. They are some of the most misunderstood and misused terms in finance, and clarifying them is probably worth a few column inches. I won’t...
MBS Market Technical Factors: Convexity

Comments (0)

Read More

by Bill Berliner on February 12 2012, 10:07 PM

A lot of analysis that gets written will refer to "technical factors" driving valuations. What this is referring to are situations where unique factors are impacting valuations. The classic business school example that comes to mind is the unique case...
The Hidden Mortgage Tax and it's Effect on Loan Pricing

Comments (0)

Read More

by Bill Berliner on February 09 2012, 6:50 PM

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 The latest hot issue in the mortgage markets has been the 10 basis point addition to G-fees mandated by the payroll tax cut passed late last year. Unfortunately, the media has only...
MBS Relative Performance and Bond Duration - An Intro

Comments (0)

Read More

by Bill Berliner on February 06 2012, 6:09 PM

MBS went through an interesting Employment Friday. I know it’s hard to remember back after a long weekend (especially for N.E. fans), but the bond market sold off pretty substantially on Friday after a better-than-expected employment report. The...
Calculating Current Coupon in a Record Low Rate Environment

Comments (1)

Read More

by Bill Berliner on February 02 2012, 6:52 PM

The recent drop in rates has created some interesting situations in the market, especially for lenders . First of all, I'm not aware of any consensus on how to calculate a "current coupon" rate in this environment. The current coupon is calculated by...

1 2 Next >

	RSS - Subscribe to our Daily Rate Update RSS Feed.
	Twitter - Follow our Daily Rate Update on Twitter.
	Facebook - Follow our Daily Rate Update on Facebook.
	Bookmark - Bookmark our rates page and visit daily for updates.
	Mobile Apps - There's an App for this too. Learn more about our Mobile Apps.

More From MND