Abstract
This article demonstrates the effectiveness of granular portfolio analysis versus deal-level portfolio analysis by applying each approach across two issues that continue to vex the non-agency RMBS market: the adequacy of seller-provided representations and warranties of loan quality and valuation techniques that can effectively reveal the hidden intricacies of loan performance and resulting RMBS bond cash flows. The article also illuminates how this methodology can be done as quickly, painlessly, and efficiently as traditional “higher level” portfolio evaluations.
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In this issue
How Loan-Level Insight Can Lead the Way to Resolving
the RMBS Crisis
the RMBS Crisis
Jump to section
- Article
- Abstract
- THE CURRENT CONTEXT—RMBS LITIGATION AND FORENSIC DISCOVERY
- LESSONS LEARNED—UNDERSTANDING RISKS UPFRONT
- ILLIQUIDITY AND ITS UNWELCOME OFFSPRING
- KEY FACTORS IN FORENSIC RMBS ANALYSIS
- BEYOND TRANSPARENCY—MANAGING RISK AND OPPORTUNITY
- THE CRITICAL FACTOR: LOAN-LEVEL VERSUS PORTFOLIO-LEVEL ANALYTICS RESULTS
- RESULTS MAY DIFFER EVEN MORE
- WHEN THE RMBS MARKET RETURNS
- REFERENCES
- Info & Metrics
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