Click to login and read the full article.
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600
Abstract
Most of the RMBS securities originally purchased with an AAA rating and thought to have little or no credit risk have either been downgraded or are likely to be downgraded and will eventually take credit losses. These instruments no longer fit the needs of regulated institutions or of total return money managers and are mandated to manage only highly rated assets. By providing more credit support to the senior tranche through a re-REMIC structure, properly enhanced AAA securities that better meet the needs of investors can be created. These securities are priced very attractively as alternative investment opportunities.
TOPICS: MBS and residential mortgage loans, information providers/credit ratings, portfolio construction
- © 2010 Pageant Media Ltd
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600
Log in using your username and password
In this issue
Jump to section
Similar Articles
Cited By...
- No citing articles found.