TY - JOUR T1 - Re-REMICs: <em>New and Improved</em> JF - The Journal of Fixed Income SP - 5 LP - 12 DO - 10.3905/JFI.2010.19.3.005 VL - 19 IS - 3 AU - Laurie S Goodman AU - Roger Ashworth AU - Brian Landy AU - Ke Yin Y1 - 2009/12/31 UR - https://pm-research.com/content/19/3/5.abstract N2 - Most of the RMBS securities originally purchased with an AAA rating and thought to have little or no credit risk have either been downgraded or are likely to be downgraded and will eventually take credit losses. These instruments no longer fit the needs of regulated institutions or of total return money managers and are mandated to manage only highly rated assets. By providing more credit support to the senior tranche through a re-REMIC structure, properly enhanced AAA securities that better meet the needs of investors can be created. These securities are priced very attractively as alternative investment opportunities.TOPICS: MBS and residential mortgage loans, information providers/credit ratings, portfolio construction ER -