resecuritization

And banks are scaling back their proprietary trading activities and closing down their resecuritization businesses which bought MBS to repackage as CDOs.

No Quick Fix for MBS 2009

That said, he noted that if these re-REMICS, or resecuritization of real estate mortgage investment conduits, are a reaction to the ratings agencies 'potential move, "it is very premature," because it isn't yet certain what action S&P will take.

Repackaging by Banks Helps CMBS 2009

Now, the securitized debt, these are these resecuritization that we've done, so that we bundled the Non-Agency securities, then we issued new securities and we get a certain percentage of those, couldn't be anywhere from 25% to 40 something percent are rated AAA, because we subordinate the rest of the cash flows to those and those we've sold to third-party investors at LIBOR plus, 100 LIBOR plus 125 type rates.

unknown title 2012

In June, we sold $1.283 billion in principal value of Non-Agency Mortgage-Backed Securities as part of a resecuritization.

unknown title 2011

So it's not about having, exclusive if we get finance our entire portfolio to resecuritization that would be the best way to do it, but you can't do that, because you still end up with a large, end up with a part that you don't sell.

unknown title 2012

MFA says that the VIEs "were created to facilitate resecuritization transactions and to which the underlying assets in connection with the resecuritizations were transferred."

unknown title 2011

But when we look at securities and we purchase securities, especially with and an eye towards resecuritization bond that's have credit support are easier to resecuritization the bonds without credit support.

unknown title 2011

And having just completed a resecuritization we were in a little bit more of an aggressive buy position.

unknown title 2011

As required under GAAP we will consolidate the resecuritization and will account for this transaction as a financing.

unknown title 2011

I just had a quick follow-up on the resecuritization.

unknown title 2011