It's no surprise that the massive agency refinance boom showed signs of fizzling out, but purchase-mortgage business slumped just as housing season rolled into high gear. (Includes two data charts.)
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Data center securitizations issued in recent years carry elevated leverage that is inconsistent with the A rating they received from rating services other than Fitch.
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The cryptocurrency market, worth over $2 trillion, is on the cusp of becoming its own asset class. But there are still plenty of naysayers who believe something backed by real assets will replace the virtual currency.
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Investing in Ginnie Mae EBOs has been a profitable maneuver but with the forbearance picture improving, finding product to buy could get harder.
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Two securitizations brought to the market in May were stocked with recently originated non-qualified mortgages as issuers continue to plow their way through the remainder of the pandemic.
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The drawbacks for issuers: liability and reputational risk from overstating the environmental impact of the activities financed by green bonds.
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As rates stay low, the corporate debt issuance boom continues but recent deals may be among the last for a while until real estate market values become clearer.
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