What’s an MBS worth?

[4plexowner]

73 percent of the assets were backed by prime mortgages, or loans to people with solid credit.

It is worth emphasizing that a large portion of the assets were backed by prime – not subprime – mortgages. And many of the prime loans were first liens with decent average FICO scores (average 725) and LTV (71%).

Impact of ETrade Portfolio Sale
http://calculatedrisk.blogspot.com/2007/12/impact-of-etrade-portfolio-sale.html

[HereWeGo]

There must be details here that are not available to the public. That sort of markdown makes no sense, unless there was a lot of fraud amongst those “AA first liens”, and even still, you wouldn’t expect a 50% markdown.

[HereWeGo]

There must be details here that are not available to the public. That sort of markdown makes no sense, unless there was a lot of fraud amongst those “AA first liens”, and even still, you wouldn’t expect a 50% markdown.

[HereWeGo]

There must be details here that are not available to the public. That sort of markdown makes no sense, unless there was a lot of fraud amongst those “AA first liens”, and even still, you wouldn’t expect a 50% markdown.

[HereWeGo]

There must be details here that are not available to the public. That sort of markdown makes no sense, unless there was a lot of fraud amongst those “AA first liens”, and even still, you wouldn’t expect a 50% markdown.

[HereWeGo]

There must be details here that are not available to the public. That sort of markdown makes no sense, unless there was a lot of fraud amongst those “AA first liens”, and even still, you wouldn’t expect a 50% markdown.

[4plexowner]

actually, I expect that 11 cents on the dollar is just a resting place before this paper reaches its true value of 0

[4plexowner]

actually, I expect that 11 cents on the dollar is just a resting place before this paper reaches its true value of 0

[4plexowner]

actually, I expect that 11 cents on the dollar is just a resting place before this paper reaches its true value of 0

[4plexowner]

actually, I expect that 11 cents on the dollar is just a resting place before this paper reaches its true value of 0

[4plexowner]

actually, I expect that 11 cents on the dollar is just a resting place before this paper reaches its true value of 0

[want a good deal]

Is that saying that their portfolio of mortgages is worth 11-27% of value. How can that be. Does that mean the homes are worth 11-27% of what they were when the mortgages were written or is this a product of leveraging.

[want a good deal]

Is that saying that their portfolio of mortgages is worth 11-27% of value. How can that be. Does that mean the homes are worth 11-27% of what they were when the mortgages were written or is this a product of leveraging.

[want a good deal]

Is that saying that their portfolio of mortgages is worth 11-27% of value. How can that be. Does that mean the homes are worth 11-27% of what they were when the mortgages were written or is this a product of leveraging.

[want a good deal]

Is that saying that their portfolio of mortgages is worth 11-27% of value. How can that be. Does that mean the homes are worth 11-27% of what they were when the mortgages were written or is this a product of leveraging.

[Author]

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