TY - JOUR T1 - How Loan-Level Insight Can Lead the Way to Resolving<br/>the RMBS Crisis JF - The Journal of Structured Finance SP - 10 LP - 18 DO - 10.3905/jsf.2011.17.3.010 VL - 17 IS - 3 AU - Brendan J. Keane Y1 - 2011/10/31 UR - https://pm-research.com/content/17/3/10.abstract N2 - This article demonstrates the effectiveness of granular portfolio analysis versus deal-level portfolio analysis by applying each approach across two issues that continue to vex the non-agency RMBS market: the adequacy of seller-provided representations and warranties of loan quality and valuation techniques that can effectively reveal the hidden intricacies of loan performance and resulting RMBS bond cash flows. The article also illuminates how this methodology can be done as quickly, painlessly, and efficiently as traditional “higher level” portfolio evaluations.TOPICS: MBS and residential mortgage loans, CMBS and commercial mortgage loans ER -