Articles Tagged with ''DBRS''

WSJ: Mortgage market sees resurgence of unconventional loans

Non-QM loans gain market share, and some say this is a worrisome trend
Unconventional loans are on the rise, according to an article in The Wall Street Journal, and this could be a problem, as "a flavor of mortgage once panned for its role in the housing meltdown a decade ago is making a comeback." While traditional mortgage volume has been lagging, non-QM volume has taken off, and some say this could be a major risk for the housing market.
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DBRS: Non-QM loans to see comeback in 2018

Lenders to create new products as refis fall
As interest rates rise, mortgage refinances continue to fall, marking the possible beginning to a comeback in non-qualified mortgage loans, a new report from DBRS showed. But the decrease in mortgage refis isn’t the only reason DBRS is predicting an increase in non-QM loans.
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Will tax reform harm the housing market?

Depends on where you live and how much you make
For the most part, the latest tax reform will boost the average paycheck and do little to harm the housing market. However, according to two recent expert reports, the devil is in the details.
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After Equifax data breach, what’s next for consumer data security?

DBRS on where the financial services industry goes now
For Equifax, the fallout from its massive data breach is far from over. The breach exposed serious flaws in the financial system’s consumer data security framework. But what about the rest of us? How does the financial services industry protect against fraud in the future? And how do we make things safer?
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Mortgage-backed security market to make a comeback in 2017

Higher interest rates facilitate return of securitization economics
While the housing market slowly recovered after the recession, the residential mortgage-backed security market did not. There were several reasons for the stagnation, including the market dominance from the GSEs. However, the RMBS market is preparing to make a comeback in 2017.
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AAA ratings return for non-prime mortgage bonds. Crisis redux? Maybe not

Feature of new RMBS deal builds in greater protections for bond buyers
The world of post-crisis mortgage bond trading is about to change, as a new mortgage bond is set to hit the market that features loans that would be considered non-prime, and also carries AAA ratings – a post-crisis first. Both Fitch Ratings and DBRS handed the deal AAA ratings on the largest tranche of the deal, but the deal is not a return to the pre-crisis world of credit ratings, at least not yet.
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Prime jumbo mortgage bonds are disappearing. Here's why

DBRS report shows new issuance falling off a cliff
Recent reports showed that rate at which new mortgage bonds enter the market is slowing considerably in 2016. But just how dry is the well getting? Incredibly dry, especially if you’re an investor looking for a prime jumbo mortgage bond.
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DBRS: The future is bright for jumbo mortgage bonds

Number of issuers growing; positive trends emerging
Despite a drop in the number of prime jumbo residential mortgage-backed securitizations from 2013 to 2014, several trends are beginning to emerge that show the future of jumbo mortgage bonds is strong, DBRS said in a new report.
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