Items Tagged with 'DBRS'

ARTICLES

  • Morningstar to acquire DBRS in $669 million deal

    Two of the largest credit ratings agencies join forces
    Morningstar Credit Ratings announced today that it has entered into an agreement to acquire DBRS – the fourth-largest credit ratings agency in the world – in a $669 million deal. Combined, the two companies will become one of the largest ratings agencies for U.S. mortgage bonds. Click the headline for the full story.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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?
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More