66) Over the Past Three Months, How Have the Terms Under Which Non-Agency Rmbs Are Funded Changed?| A. Terms for Average Clients | 3. Haircuts. | Answer Type: Tightened Considerably
ALLQ66A3TCNR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
10/1/2011 - 1/1/2025
Summary
Tracks changes in Non-Agency Residential Mortgage-Backed Securities (RMBS) funding terms for average clients. Indicates significant tightening in mortgage lending.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric measures how financial institutions are adjusting haircuts for non-agency RMBS transactions. It reflects risk management in residential mortgage markets.
Methodology
Surveyed from financial institutions reporting funding term adjustments quarterly.
Historical Context
Used by investors and policymakers to assess residential mortgage market conditions.
Key Facts
- Indicates considerable tightening of RMBS funding terms
- Reflects conservative lending approach
- Quarterly survey-based metric
FAQs
Q: What are non-agency RMBS?
A: Non-agency RMBS are mortgage-backed securities not guaranteed by government-sponsored enterprises like Fannie Mae or Freddie Mac.
Q: Why are RMBS funding terms tightening?
A: Increased market uncertainty and risk management strategies lead to more conservative lending practices.
Q: How does this impact home buyers?
A: Tighter terms may result in more stringent mortgage qualification requirements and potentially higher borrowing costs.
Q: What factors influence these terms?
A: Economic conditions, housing market performance, and overall financial system risk drive changes.
Q: How frequently is this data updated?
A: The survey provides quarterly insights into residential mortgage lending conditions.
Related Trends
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19) To the Extent That the Price or Nonprice Terms Applied to Mutual Funds, Etfs, Pension Plans, and Endowments Have Tightened or Eased over the Past Three Months (as Reflected in Your Responses to Questions 17 and 18), What Are the Most Important Reasons for the Change?| B. Possible Reasons for Easing | 7. More-Aggressive Competition from Other Institutions. | Answer Type: First in Importance
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61) Over the Past Three Months, How Has Demand for Funding of Equities (Including Through Stock Loan) by Your Institution's Clients Changed?| Answer Type: Decreased Somewhat
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39) Over the Past Three Months, How Has the Volume of Mark and Collateral Disputes with Clients of Each of the Following Types Changed?| A. Dealers and Other Financial Intermediaries. | Answer Type: Remained Basically Unchanged
ALLQ39ARBUNR
19) To the Extent That the Price or Nonprice Terms Applied to Mutual Funds, Etfs, Pension Plans, and Endowments Have Tightened or Eased over the Past Three Months (as Reflected in Your Responses to Questions 17 and 18), What Are the Most Important Reasons for the Change?| B. Possible Reasons for Easing | 5. Increased Availability of Balance Sheet or Capital at Your Institution. | Answer Type: First in Importance
ALLQ19B5MINR
24) Over the Past Three Months, How Has Your Use of Nonprice Terms (for Example, Haircuts, Maximum Maturity, Covenants, Cure Periods, Cross-Default Provisions or Other Documentation Features) with Respect to Insurance Companies Across the Entire Spectrum of Securities Financing and OTC Derivatives Transaction Types Changed, Regardless of Price Terms?| Answer Type: Tightened Somewhat
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Citation
U.S. Federal Reserve, Non-Agency RMBS Funding Terms (ALLQ66A3TCNR), retrieved from FRED.