RMBS Interest Rate Swaps To See Last Hurrah

Ratings of interest rate swaps in hybrid adjustable rate mortgage bonds may die off in the next couple of years as the hedging mismatch between the underlying loans and the securities expires.

  • 16 Dec 2010

--Olivia Thetgyi


Ratings of interest rate swaps in hybrid adjustable rate mortgage bonds may die off in the next couple of years as the hedging mismatch between the underlying loans and the securities expires.

Hybrid ARMs were popular mortgage loans in the U.S. that let consumers borrow at a fixed ...

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