General World News

RMBS market likely to be further weakened by headwinds in 2023

The U.S. residential mortgage-backed securities (RMBS) market continues to look bleak for 2023. This year, RMBS issuance volumes are expected to contract further from 2022 due to the impact from elevated rates, high inflation and recession possibilities. 

Major factors that will shape the RMBS market include a dramatic reduction in origination volume and mortgage lenders exiting the business , according to a report from DBRS Morningstar on the outlook of the industry. 

A slew of lenders have exited the business recently, and others have significantly reduced downsized operations, especially in the nonbank financial sector, the report said, while details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com