Direct Agency CMO Spreads

February 16, 2004, 12:00 a.m. EST 1 Min Read

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

PAC
02/11/04	163	174	184
Previous Week	162	173	183
1-Month Average	162	173	183
12-Month Range	130-170	140-190	150-190

TAC
'02/11/04	50	144	169
Previous Week	50	143	168
1-Month Average	51	143	169
12-Month Range	40-90	90-150	130-170

SEQ
'02/11/04	118	145	179
Previous Week	117	144	179
1-Month Average	117	144	179
12-Month Range	80-120	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

Home equity loans

Wold joins Hometap to lead U.S. structured products business

Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.

By Donna M. Mitchell

5h ago
MBS

Freddie Mac's home equity product proposal stokes mixed early reactions

The Structured Finance Association questions whether funding closed-end seconds is an appropriate role for the government-sponsored enterprise, while newer lenders welcome the liquidity support.

By Donna M. Mitchell

6h ago
Regulation and compliance

CFPB makes structural changes after expanding authority over nonbanks

The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.

By Kate Berry

7h ago
Securitization

Citizens' second deal of the year to raise $750 million in auto ABS

The bank is a top auto lender, with a managed portfolio of $7.1 million through December 2023, and has a strong servicing track record.

By Donna M. Mitchell

11h ago
Esoteric ABS

Huntington opts for more traditional CLN issuance

The initial protection amount, Moody's says, is 12.5% of the total reference pool and equals the principal amount of the rated and unrated issued notes.

By John S. Hintze

April 17
Consumer lending

Bank of America hurt by rising losses in credit cards, office loans

Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.

By Catherine Leffert

April 16