Credit Rating Agencies Find Interest-Only Loans Have Returned With a Vengeance to CMBS Conduit Pools
June 15, 2018
The share of interest-only loans in commercial MBS conduits has risen to near-peak levels last seen in 2007 as underwriting deteriorates, according to major credit rating agencies.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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