| 2017 | 2016 | 2015 | |
|---|---|---|---|
ABS (Public + 144A) | 82,575.6 | 55,922.1 | 89,419.9 |
| ABS (Public + 144A excluding CDOs) | 68,245.3 | 48,061.8 | 63,537.6 |
| ABS (Public Only) | 35,173.2 | 23,372.6 | 37,010.2 |
| ABS (144A Only) | 47,402.4 | 32,372.6 | 52,409.7 |
| Non-Agency MBS | 25,609.9 | 21,277.2 | 47,423.0 |
| Agency MBS | 71,968.5 | 75,537.5 | 55,140.5 |
| CMBS | 33,052.6 | 34,790.6 | 38,362.0 |
| Source: Thomson Reuters | |||
The RMBS notes benefit from geographic diversity and credit enhancement.
The RMBS transaction is backed by first-lien, fixed- and adjustable-rate, fully amortizing residential mortgage loans, some with interest-only periods, to prime and non-prime borrowers.
Refinance apps made up more than 40% of all mortgage applications last week, driving an uptick as consumers seek out cheaper mortgage payments.
After passing the Federal Reserve's stress tests with high marks, large banks announced dividend increases. In some cases, they also said the Fed had conceded that certain prior calculations needed to be revised.
The prime jumbo RMBS transaction is collateralized by 402 residential mortgage loans.
Diversity and metropolitan focus could provide resiliency in economic downturns
