PT  - JOURNAL ARTICLE
AU  - Laurie S Goodman
AU  - Roger Ashworth
AU  - Brian Landy
AU  - Ke Yin
TI  - Re-REMICs: <em>New and Improved</em>
AID  - 10.3905/JFI.2010.19.3.005
DP  - 2009 Dec 31
TA  - The Journal of Fixed Income
PG  - 5--12
VI  - 19
IP  - 3
4099  - https://pm-research.com/content/19/3/5.short
4100  - https://pm-research.com/content/19/3/5.full
AB  - 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