The New York Fed argues that CRTs have reduced the GSEs’ exposure to mortgage credit risk without disrupting the stability of the secondary mortgage market…
MBS investors are encouraged the bureau is more willing to listen to industry participants, but they have concerns about assignee liability and grim predictions about increased regulation by the states.
India and the Philippines “are subject to relatively higher degrees of political and social instability and may lack the infrastructure to withstand political unrest or natural disasters,” Nationstar said.