Mortgaged property owners retain most climate change-related physical risks and transition risks up to the value of their equity. But lenders, servicers and secondary market buyers also face climate-related risks, the MBA said in a new white paper.
CLOs managers are responding to tough market conditions by making changes to their products, for example proposing to remove buckets for discounted assets.
Moody’s and other rating services are optimistic about the near future of the CMBS market, with continuing drops in delinquencies expected. Some sectors are performing worse than others.
The U.S. Chamber of Commerce said the multi-pronged assault on CFPB Director Rohit Chopra is an attempt to make rulemaking more predictable and halt the surprising actions and aggressive rhetoric.
The CFPB’s spring regulatory agenda had only one mortgage-related item: automated valuation models. The bureau expects to issue a proposed rule on the matter in December.