RMBS Market Facing Challenges, but Recovery In Sight With ‘Glimmer at the End of the Tunnel’
September 18, 2009
Recent projections show a bottoming out of some economic indicators, but the securitization markets will continue to struggle into 2010 or 2011 before pulling out of the downturn, experts noted in secondary market reports this week. A structured finance team at Moody’s Investors Service led by Managing Director Warren Kornfeld said unemployment and house price trends are the key drivers of when...