General World News

The PLS market hits a bump in the road

HW+ house money

The rate volatility that has gripped the economy since the start of the year and caused the mortgage-origination market to stumble is taking a toll on the private-label securitization market as well. 

Fast rising rates — the 30-year fixed rate is up nearly a point-and-half since the start of the year — have blunted mortgage originations, particularly refinancing, and by extension the loan volume available for securitization pipelines.

Although it’s still too early to know for sure how second-quarter performance for the private label securities (PLS) space will pan out, the market is currently under details ⇒

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