The residential mortgage-backed securities (RMBS) market took a beating in 2022, nearly stalling as the year came to an end — on the heels of interest rates jumping more than 3 percentage points over the first half of 2022.
That dramatic rate volatility wreaked havoc on spreads and RMBS deal execution — and created cash-flow challenges for many lenders that rely on securitization as a liquidity outlet. As we turn the corner into 2023, however, the landscape so far looks brighter for the RMBS market.
Though still a continuing factor, rate details ⇒
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