NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its ABS East 2019 conference recap, with a focus on residential mortgage-backed securities.
RMBS-focused panels covered a variety of topics and notable themes discussed including:
- Government-sponsored enterprise (GSE) reform proposals and the planned qualified mortgage (QM) GSE Patch expiration moving forward, with various market participants citing both opportunities in, and potential disruptions to, the U.S. housing market.
- The wide range of innovative transactions to meet post-crisis needs including, non-QM, single-family rental (SFR), mortgage servicing rights (MSR), credit risk transfer (CRT), and bridge financing.
- The rise of non-QM lending, expectations for continued growth, enhancements in the post-crisis securitization process, and associated challenges.
- Debate over the advantages of whole loan acquisitions, including transparency and control over loan workout strategies, versus securitization liquidity and operational efficiency.
This summary reflects select panel discussions relevant to the RMBS private label securities (PLS) and Agency CRT markets.
To view the recap, click here.
For more specific panel coverage, check out KBRA’s live tweets from the conference.
Related Publications: (available at www.kbra.com)
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KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.