The U.S. House of Representatives approval of the long-awaited housing bill did not boost morale among traders last week since it came after a slew of negative ABS market announcements.

The bill would insure up to $300 billion in refinanced mortgages and place tougher regulations on Fannie Mae and Freddie Mac while also providing a federal backstop for the guarantors, among other amendments.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.