A longer statute of limitation and increased disclosure requirements could help attract long-term investors in the MBS and ABS market, industry experts recommend.
The fourth quarter was somewhat of a bright spot for the expanded-credit sector. Originations rose by 9.7% compared with the previous quarter while total first-lien originations increased only by 7.9%.
Sterling said that in connection with the review, a significant number of employees have either been terminated or resigned, including a senior vice president...
The expanded-credit sector lost market share in 2019 as lower interest rates helped propel refinances of conforming mortgages. Citi was the top lender in the space. (Includes data chart.)
Presale reports for three deals backed by new originations were published this week. However, there’s uncertainty about how they will be received by investors due to market volatility related to the coronavirus.