The pace of purchase-loan originations as well as transactions in the private-label securities market started to slow by the second quarter of this year as interest rates continued to spike, according to mortgage industry experts.
One bright spot in the market, however, has been the investment-property sector, where deal flow appears to be holding up, and even many agency-eligible mortgage loans are finding their way into private label securities (PLS) transactions.
In fact, year to date through April 27, of the 22 investment-property deals tracked by Kroll Bond Rating Agency (KBRA), a total of 15 were backed in details ⇒
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