Kroll Bond Rating Agency estimates around 60% of loans maturing through 2023 would be able to refinance without added costs. But the refi prospects for retail properties and lodging are bad.
The Structured Finance Association has introduced a consensus-built industry guide to a new benchmark that replaces the LIBOR swap curve in fixed-rate structured finance transactions.
In the secondary market, issuers have had to deal with diminished demand for mortgage products originated prior to the recent runup in interest rates. Is the worst behind the sector?
MBS-investing REITs continue to pay sweet dividends but the asset value of their holdings has come under pressure thanks to spiking interest rates. First-quarter earnings should be revealing.
The Structured Finance Association is evaluating the most popular corporate ESG frameworks to see how they could be applied in the securitization industry.
Fannie’s CEO is set to retire. The GSE chair is departing as well; Waterfall Asset Management launches non-agency MBS with Ginnie EBOs; hurricanes impacting performance of solar ABS.
MBS and ABS tied to floating-rate assets could see rising delinquencies as interest rates increase. Inflation also remains a concern, though Fitch and Moody’s suggest that most deals can weather the storm.