Agency and government loan programs will be a little different in the next 12 months. There also will be new rules for private-label securitizations, along with new products available to investors. Here is an overview.
Increased Collateral Requirements
Private-label residential mortgage-backed securities issuers as of Dec. 24 will have to retain at least 5% of deal collateral credit risk unless the loans meet criteria for "qualified residential mortgages."