AND SUBSIDIARIES OPERATING STATISTICS Three Months Six Months Ended Ended June 30, June 30, June 30, June 30, 2006 2005 2006 2005 (1) As Adjusted Mortgage Holdings Segment: Investment Portfolio Performance (2): Average loans and mortgage-backed
securities in portfolio ($ billions) 12.
credit market, Fannie and Freddie have attained the prominence of "buyers of first and last resort" for speculators leveraged in mortgage-backed
and other debt securities.
There always will be some buyers of these securities--just as there are buyers of the unrated tranches of mortgage-backed
securities--but there will never be enough buyers to alter in any significant way the traditional structure of the business of insurance and reinsurance.
This program added six black firms to its 48-member debenture selling group and created a 10-point plan for the firms to underwrite discount notes, long-term debentures and notes, mortgage-backed
securities and real estate mortgage investment conduits (REMICs).
In addition, this policy also discussed several types of instruments, such as stripped mortgage-backed
securities and residual interests in pools of securitized assets, with very volatile prices and high-risk characteristics due to extreme sensitivity to interest rate risk.
security (MBS) is a participation in a pool of residential mortgages (such as GNMAs and FNMAS).
In 1991, the Securities Data recorded 721 mortgage-backed
securities issuances that raised $250 billion.
And it's that possibility that makes prepayment options unfavorable for banks, thrifts and other mortgage investors; the prepayment option embedded in everyday residential mortgages is the wild card that makes investing in mortgages (and mortgage-backed
securities) so much riskier than it might at first seem to be.
In 1970, the Government National Mortgage Association (GNMA) created the first publicly traded mortgage-backed
Certificates, Series 2004-3 Groups 1 & 2
14 /PRNewswire/ -- The Government National Mortgage Association (GNMA) has reached a major landmark in its 26 year history: it has guaranteed a total of $1 trillion in mortgage-backed
securities, which has helped provide mortgage loans for an estimated 17.
With a powerful surge of activity in the second half of 1993, the private sector doubled its volume of commercial mortgage-backed
securities (CMBS) issues last year, assuming almost total dominance of a market that once was chiefly the domain of the Resolution Trust Corporation (RTC).
The yield on a 30-year mortgage-backed
security is a little more than 8%.
0 million to continue the authority's single-family homebuyer program through the purchase of Government National Mortgage Association (Ginnie Mae), Federal National Mortgage Association (Fannie Mae) guaranteed mortgage-backed
certificates and Federal Home Loan Mortgage Corporation PCs (Freddie Mac).
CHICAGO, June 24 /PRNewswire/ -- Harris Trust and Savings Bank, a subsidiary of Bank of Montreal, has decided to absorb the impact of higher interest rates on mortgage-backed
securities in the accounts of some of its Institutional Trust customers, in its Securities Lending unit.