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
31) To the Extent That the Price or Nonprice Terms Applied to Separately Managed Accounts Established with Investment Advisers Have Tightened or Eased Over the Past Three Months (as Reflected in Your Responses to Questions 29 and 30), 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
CTQ31B5MINR
69) Over the Past Three Months, How Have Liquidity and Functioning in the Non-Agency Rmbs Market Changed?| Answer Type: Improved Somewhat
ALLQ69MONR
40) Over the Past Three Months, How Has the Duration and Persistence of Mark and Collateral Disputes with Clients of Each of the Following Types Changed?| E. Insurance Companies. | Answer Type: Increased Considerably
ALLQ40EICNR
11) Over the Past Three Months, How Have the Price Terms (for Example, Financing Rates) Offered to Trading REITs as Reflected Across the Entire Spectrum of Securities Financing and OTC Derivatives Transaction Types Changed, Regardless of Nonprice Terms?| Answer Type: Tightened Considerably
CTQ11TCNR
39) Over the Past Three Months, How Has the Volume of Mark and Collateral Disputes with Clients of Each of the Following Types Changed?| C. Trading REITs. | Answer Type: Decreased Somewhat
CTQ39CDSNR
74) Over the Past Three Months, How Have the Terms Under Which Consumer Abs (for Example, Backed by Credit Card Receivables or Auto Loans) Are Funded Changed?| B. Terms for Most Favored Clients, as a Consequence of Breadth, Duration And/or Extent of Relationship | 2. Maximum Maturity. | Answer Type: Eased Considerably
ALLQ74B2ECNR
Citation
U.S. Federal Reserve, Non-Agency RMBS Funding Terms (ALLQ66A3TCNR), retrieved from FRED.