Items Tagged with 'Kitchen Sink'

ARTICLES

  • GSE Pass-through Players Gird for the New Year

    Two major concerns for value hang over the pass-through market right now: the anticipated end to the Fed's MBS purchase plan March 31, 2010 and the likelihood of a sharp jump in involuntary prepayments in GSE pass-throughs (due to modifications and other foreclosure avoidance efforts and foreclosures, which trigger a buyout of the loan from the pool). Those buyouts may be facilitated after January 1 by the Fannie and Freddie's adoption of FAS 167.
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  • Taken Together, Risk Retention and FAS 167 Could Stop the Revival of Securitization

    Policy makers and lawmakers are tossing this notion of "risk retention" around as if it were a magic pill, but it could be a fatal potion for any future funding of essential consumer and commercial lending via the securities markets - particularly if taken in combination with amendments to securitization accounting and bank regulatory capital requirements. Risk retention has been at the center of the debate over financial system reforms at least since the Administration released its white paper last March.
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  • FDIC OKs Delay of FAS 166, 167 Effect on Capital

    The board of directors at the Federal Deposit Insurance Corp. on Wednesday finalized a new capital rule that addresses industry concerns raised by Financial Accounting Standards (FAS) 166 and 167. FAS 166 and 167, which take effect in January, will require financial institutions to bring certain securitized assets onto balance sheets.
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  • Viewpoint: Do New Accounting Rules Force Banks to Use New Playbook?

    In June, FASB changed the ground rules for securitization accounting when it adopted FAS 166 and 167. The “Q” (qualifying special purpose entity) is eliminated and, along with it, automatic off-balance sheet treatment for transfers of financial assets into securitization entities. Instead, securitizations must be evaluated for consolidation by internet holders with both: a) The power to direct activities that most significantly impact the securitization’s economic performance, and b) The obligation to absorb losses/receive benefits that could potentially be significant.
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  • The Kitchen Sink for Dec 30-Jan 1

    Welcome to the Kitchen Sink for this long New Year's weekend! In each weekend's Kitchen Sink, HW highlights key housing coverage and opinions from media outlets throughout the U.S., as well as key insight from housing blogs across the Web. Check this post throughout the weekend.
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  • The Kitchen Sink for Dec 23-25

    Welcome to this weekend's Kitchen Sink! Because there isn't a ton of business/mortgage/housing news breaking over weekends, each Saturday and Sunday I'll be highlighting worthwhile insight and analysis appearing in media outlets and blog sites across the country. This post will be updated throughout the long weekend with mortgage-related 'stuff' - of course, feel free to chime in.
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