Direct Agency CMO Spreads

June 09, 2003, 12:00 a.m. EDT 1 Min Read

Average Life (Yrs.)	0 to 2	2 to 7	7+

PAC
06/04/03	148	159	167
Previous Week	147	158	166
1-Month Average	147	158	166
12-Month Range	120-160	120-170	140-180

TAC
06/04/03	50	135	163
Previous Week	50	134	162
1-Month Average	51	135	162
12-Month Range	40-90	90-150	130-170

SEQ
06/04/03	98	135	166
Previous Week	97	134	165
1-Month Average	97	134	165
12-Month Range	70-110	110-150	130-180

All nominal spreads are in basis points over the equivalent maturity Treasury and are derived from actual transactions in each of the sectors defined.Source: Capital Management Sciences

MORE FROM ASSET SECURITIZATION REPORT

Investment banking

Truist gets an earnings boost from its investment banking unit

After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.

By Allissa Kline

April 22
Credit cards

American Express prepares to issue $1.6 billion from two series

Price guidance was not available on the series 2024-1, the database notes that the series 2024-2 class A notes are expected to price between 63 and 65 basis points over the three-month interpolated yield curve.

By Donna M. Mitchell

April 22
Servicing

Delinquent mortgages rise year-over-year

But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.

By Brad Finkelstein

April 22
Politics and policy

Fed: Inflation, policy uncertainty are top financial stability concerns

According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.

By Ebrima Santos Sanneh

April 19
CMBS

BANK5 2024-5YR6 moves ahead with $984.3 million in CRE beneficial ownership certificates

With a high proportion of fixed-rate, interest-only underlying loans, the notes have almost no amortization, and three CRE loans have standalone, investment-grade opinions.

By Donna M. Mitchell

April 19
RMBS

Velocity Capital Commercial Loan prepares to float $295.1 million

The fixed-rate loans are divided into three sub-pools that relied on rating methods from the RMBS, CMBS and ABS sectors to assess their risks.

By Donna M. Mitchell

April 18