Date | Coupon | GNMA | FHLMC Gold | Ten-Year Treasury | GNMA Spread | FNMA Spread |
03/25/04 | 4.5 | 4.77 | 4.78 | 3.74 | 103.0 | 104.0 |
03/26/04 | 4.5 | 4.88 | 4.89 | 3.84 | 104.0 | 105.0 |
03/29/04 | 4.5 | 4.93 | 4.93 | 3.89 | 104.0 | 104.0 |
03/30/04 | 4.5 | 4.93 | 4.93 | 3.9 | 103.0 | 103.0 |
03/31/04 | 4.5 | 4.87 | 4.88 | 3.84 | 103.0 | 104.0 |
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Notes A, B and C benefit from credit enhancement amounting to 33.3%, 16.2% and 7.0%, and the deal's capital structure will repay investors on a combined pro-rata and sequential basis.
May 7 -
Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
May 7 -
The top five issuers in the pool represent 4.73% of the pool, which is noticeably more diversified compared with the 12.50% concentration, according to Fitch's stressed portfolio at initial expected matrix point.
May 7 -
Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators that would give banks more power over the appeals process.
May 7 -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6 -
Under the capital structure the senior notes will be repaid on a pro rata basis. Otherwise, the notes in the structure will benefit from excess spread and a senior-subordinate structure.
May 6