Defining Nonagency

Thomas Zimmerman

Executive Director Mortgage Strategy Group UBS

In this chapter I describe the loan and borrower characteristics that distinguish the different parts of the U.S. nonagency mortgage-backed securities (MBS) market. I believe that this description is an important first step in understanding the non-agency market not only because these characteristics define the different sectors but also because they determine each sector's prepayment and credit performance. While many types of loans are found in the nonagency market, I shall focus mainly on jumbo, alternative-A (alt-A), and subprime home equity loans.

Avoiding Credit Card Disaster

Avoiding Credit Card Disaster

People who struggle with saving money and getting out of debt will find these things in common: They don't know how to stop blaming. They have no idea where their money needs to go! They don't know they need to forget the home equity line. They also don't understand they need to sell some investments. Many more problems untold. Well don't worry, With the strategies that I’m about to let you in on , you will have no problems when it comes to understanding how to get out of credit card debt.

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Responses

  • Muhammed
    Who are the nonagency mbs?
    5 years ago
  • Stephan
    What are non agency mortgage backed securities?
    5 years ago

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