エージェンシーMBSウィークリー: マネーマネージャーの動向を追う:1Qアップデート

Research evidence excerpt

エージェンシーMBSウィークリー: マネーマネージャーの動向を追う:1Qアップデート

図表 79: Common Terminology – Agency MBS

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Acronyms Description Acronyms Description

Agency MBS Agency MBS

AFS Available-for-sale MPE Mortgage payment to earnings ratio

AOCI Accumulated other comprehensive income mREIT Mortgage real-estate investment trust

AOLS Average original loan size MSR Mortgage servicing rights

ARM Adjustable-rate mortgage NHS New home sales

BU/BD Buy-up/Buy-down NTB Net tangible benefit

CBR Constant buyout rate OC Overcollateralisation

CC Current coupon rate OO Owner-occupied

CMO Collateralized mortgage obligation P/S spread Primary/Secondary spread

CPR Cumulative prepayment rate PAC Planned Amortization Class CMO

CSP Common Security Platform PIH Office of Public and Indian Housing

CSS Common Securitization Solutions PIW Property Inspection Waiver

EHS Existing home sales PLS Private label security

FG Freddie Gold security (typically followed by a two-letter code: LMC, CI, etc.) PMI (or MI) Private mortgage insurance

FHA Federal Housing Administration PMMS Primary mortgage market survey rate

FHFA Federal Housing Finance Agency PO Principal-only MBS

FHLB Federal Home Loan Bank PSA Public Securities Association

FHLMC Federal Home Loan Mortgage Corporation PT Passthrough MBS

FLS Funding for Lending Scheme (FLS) RELO Relocation loan

FN Fannie Mae security (typically followed by a two-letter code: CL, CI, etc.) RESPA Real Estate Settlement Procedures Act

FRM Fixed-rate mortgage RF Reserve Fund

GEO Mortgages by state RHS Rural Housing Service

G-Fee Government-sponsored entity fee RMBS Residential mortgage-backed security

GN, G2 Ginnie Mae security (typically followed by a two-letter code: SF, JO, etc.) RRP Reverse repurchase agreement

GSE Government-sponsored entity SATO Spread at origination