The rating service’s proposal regarding the treatment of private mortgage insurance on GSE risk-sharing transactions and non-agency MBS prompted some concerns from industry participants.
The transition away from the London Inter-bank Offered Rate could prompt significant tax issues for MBS and ABS investors. The Structured Finance Industry Group wrote to the Internal Revenue Service and Treasury last week requesting guidance on the issue. LIBOR won’t be available after 2021 and market participants are looking for an alternative reference rate. Various securities are tied to the London benchmark rate in terms of the loans that back the deals and their ...
Investment demand for data-center real estate investment trusts is likely to grow given the expanding demand for technology services, and it will not be risky, Morningstar Credit Ratings said in a new report.
The market leaders in rating non-agency MBS and non-mortgage ABS retained their top rankings in 2018. S&P Global was the top rating service in the ABS market, according to a new Inside MBS & ABS market analysis, after rating $142.24 billion of new issuance, an 11.6% percent increase from 2017. [Includes two data charts.]
Disclosures to investors in post-crisis non-agency MBS regarding potential breaches of representations and warranties have been inadequate, according to Moody’s Investors Service.
Several rating services have received gentle warnings from the Securities and Exchange Commission for failing to follow policies and procedures, according to the latest annual report from the federal regulator.
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