Recent Blog Posts
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The Year in Research
Dec 31 20089:13 am EDT -
Mind Your Value Judgements
Dec 19 20087:52 pm EDT -
S.E.C. Short-Sale Ban: Pretty Much Useless
Dec 19 20083:45 pm EDT -
Advice from Japan: Don't Forget TARP 1
Dec 19 20082:31 pm EDT -
Chart of the Day: Money Market Stress Easing
Dec 18 20088:57 pm EDT -
House Price Bubble Deflated?
Dec 18 20085:57 pm EDT -
Where Were the Whistleblowers?
Dec 16 200811:03 pm EDT -
It's Just a Recession
Dec 13 200810:20 pm EDT -
Comparing American and European Unemployment Insurance
Dec 12 20087:46 pm EDT -
Back to Normal?
Dec 11 20084:33 pm EDT
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Chart of the Day: Subprime MBS Prices
A very useful chart from the Peterson Institute's new RealTime Economic Issues Watch showing current prices on subprime MBS:
...prices range respectively from about 90 cents to 15 cents on the dollar, for 2006 and earlier vintages, and about 60 to 8 cents on the dollar for 2007 vintages....About three-fourths of the volume outstanding is AAA or better for 2006 vintages, and about two-thirds for 2007 vintages. A rough estimate is that the overall weighted ratio of current market value to face value is about 70 percent for the 2006 and earlier vintages and about 50 percent for the 2007 vintages.
According the Bank for International Settlements, the total value of subprime MBS in 2006-2007 was about $410 billion.
(Hat tip: Menzie Chinn)
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