Podcasts about rmbs

In the latest episode of Morningstar DBRS' “European Securitisation Insights” podcast, Mudasar Chaudhry, who leads our European Structured Finance Research team, was joined by Ketan Thaker, Managing Director, European Real Estate & NPL Ratings at Morningstar DBRS and Simon Webb, Managing Director, Finance and Capital Markets at LiveMore Capital, to discuss lending into retirement.With a focus on the UK, the panellists explored the lending solutions available to borrowers over 50, the current market dynamics that are shaping this niche market segment, and how the market has evolved over time with the products on offer. They also shared their thoughts on the credit considerations of residential mortgage-backed securities (RMBS) deals that are either entirely or partially composed of later-life loans and discussed the credit rating angle, key considerations, and whether servicers are equipped to manage such a distinct asset class.Related Content: Rating European Structured Finance Transactions Methodology (19 November 2024)https://dbrs.morningstar.com/research/443199By downloading or listening to this podcast, you are agreeing to the Morningstar DBRS disclaimer and legal terms and conditions found at dbrs.morningstar.com/about/disclaimer and dbrs.morningstar.com/about/termsandconditions, including that the information provided is not investment, financial or other advice. Morningstar DBRS will not be liable for losses arising from your use of the information. Please note that the content of this podcast is intended for European audiences only.

In this episode of the Debtwired! podcast, Mike Nowakowski, Head of Structured Products at Conning, joins Melina Chalkia, Debtwire's primary market reporter for North America, to break down why esoteric ABS has become one of the most compelling areas of the credit market for 2025. Nowakowski leads the structured products team at $ 170bn global asset manager Conning, which invests across ABS, CMBS, RMBS and other securitized markets. Esoteric ABS is gaining traction, now making up more than 30% of total ABS issuance, with outstanding supply at nearly $900bn. In this conversation, Nowakowski explains the advantages of investing in esoteric assets, like shipping containers, data centers and music royalties, compared to traditional fixed-income investments. He shares insights on data center ABS deals, the increasing crossover between ABS and CMBS, how institutional investors are increasingly allocating capital to esoteric ABS, and the rapidly evolving solar ABS market.

Michael Bright, CEO at Structured Finance Association joins host Patrick Dolan to discus the complexities of GSE reform. We explore key issues including the balance between nurturing the private RMBS market and ending conservatorship, adjustments to loan limits, and restrictions on GSE activities. Fred provides his insight on administrative reform risks, the role of credit risk transfers, capital requirements, government guarantees, and the SEC's oversight on reporting standards.

In the latest episode of Morningstar DBRS' “European Securitisation Insights” podcast, Mudasar Chaudhry, who leads our European Structured Finance Research team, was joined by Ketan Thaker, Managing Director, European Real Estate & NPL Ratings, to discuss bridging loans.In recent years the market has seen expansion in the use of bridging loans due to their less onerous lending criteria and expedience in availability of credit to the borrower. Due to the market expansion, originators now have a track record of origination and monitoring these portfolios, and the expectation is to see a first public European securitisation backed by the pool of bridging loans.Related Content: Methodology “European RMBS Insight Methodology” https://dbrs.morningstar.com/research/449129By downloading or listening to this podcast, you are agreeing to the Morningstar DBRS disclaimer and legal terms and conditions found at dbrs.morningstar.com/about/disclaimer and dbrs.morningstar.com/about/termsandconditions, including that the information provided is not investment, financial or other advice. Morningstar DBRS will not be liable for losses arising from your use of the information. Please note that the content of this podcast is intended for European audiences only.

Our conversation focuses on the landscape for residential mortgage-backed securities (RMBS), including thoughts around investment considerations. Featured are Clayton Triick, Head of Portfolio Management of Public Strategies with Angel Oak Capital Advisors, and Leslie Falconio, Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office. Host: Daniel Cassidy

S&P Futures are falling along with global markets. President Trump's announcement of tariffs on Canada, Mexico & China is seen as inflationary, and concerns of a trade war are escalating. Auto stocks are being hit hard as they play a key role in the automobile supply chains. Canada has already hit back with tariff on U.S goods, Mexico and China have indicated that they will soon be reacting to Trumps tariff action. After the bell today watch for earnings from PLTR, NXPI, CLX & RMBS. The key economic report today is the ISM Manufacturing PMI due out after the opening bell. European markets are falling as Trump indicated that he is planning tariffs on the EU. Oil prices are gaining ahead of this morning announcement and indications that a production hike is not imminent.

Our first conversation of the year begins with thoughts around the recent rise in yields, along with where pockets of vulnerability and opportunity exist within fixed income as we enter 2025. Leslie and Ken also spend time sharing their overall outlooks, along with views when it comes to monetary policy, and positioning across the asset class. Featured is Ken Shinoda, Portfolio Manager for RMBS at DoubleLine Capital, and Leslie Falconio, Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office. Host: Daniel Cassidy

A record breaking year comes to an end. What could possibly come next? How about another?In this week's episode of Cloud 9fin, Tanvi Gupta, global head of CLOs at 9fin, talks with Pratik Gupta, head of CLO and RMBS research at Bank of America, to discuss the outlook for 2025. They talk about ETFs, performance across the CLO capital structure, LMEs, co-op agreements, HY bond buckets and why 2025 might match the record breaking levels of issuance we've seen in 2024.Have any feedback on the episode? Send us a note at podcast@9fin.com. Thanks for listening.

In this episode of Broker Daily Spotlight, Jack Campbell chats shop with Firstmac's chief financial officer, James Austin. Here, they delve into just how important non-banks are for the broking industry and some of the benefits of dealing with these lenders. Tune in to find out: What Firstmac has learned entering the commercial SMSF market. Why Australia is a hotspot for RMBS. Broker diversification. And much more!

In the latest episode of Morningstar DBRS' “European Securitisation Insights” podcast, Mudasar Chaudhry, who leads our European Structured Finance Research team, is joined by Andrew Lynch, Vice President, European Structured Finance Ratings, Surveillance, and Petter Wettestad, Assistant Vice President, European Structured Finance Ratings, Surveillance, to discuss the UK Housing Market. Morningstar DBRS' analysts discussed the recent trends, such as UK house prices showing signs of cooling off but recent data suggesting a recent reversal in that trend. They delved into details of UK RMBS and how its various subsectors are currently performing in the aftermath of high inflation and high interest rates. They further explored the key drivers and challenges faced by the different segments of the UK mortgage market and, based on these factors and our analysis, also shared their thoughts on how the market is shaping up, discussing any wider impact on the UK RMBS transactions as a whole.Related Content:Commentary – “UK RMBS: Resilient for the Most Part” https://dbrs.morningstar.com/research/439421/uk-rmbs-resilient-for-the-most-partMethodology – “European RMBS Insight: UK Addendum”https://dbrs.morningstar.com/research/437988/european-rmbs-insight-uk-addendumBy downloading or listening to this podcast, you are agreeing to the Morningstar DBRS disclaimer and legal terms and conditions found at dbrs.morningstar.com/about/disclaimer and dbrs.morningstar.com/about/termsandconditions, including that the information provided is not investment, financial or other advice. Morningstar DBRS will not be liable for losses arising from your use of the information. Please note that the content of this podcast is intended for European audiences only.

NAR asks the Supreme Court to weigh in on the DOJ fight and Citadel agrees to pay $6.5M to settle the DOJ's redlining claims. Meanwhile, the impact of Hurricane Helene exposes $96B in RMBS loans to delinquency.

In this episode of the InsuranceAUM.com Podcast, host Stewart Foley, CFA, speaks with Alfred Chang, Head of Residential Loan Trading at MetLife Investment Management, about the growing role of residential whole loans in insurance portfolios. As a repeat guest, Alfred shares valuable insights into why this asset class is gaining traction, particularly for life insurers seeking capital efficiency and risk-adjusted returns. He compares the benefits of investing in residential whole loans versus public RMBS, highlighting how the private market offers unique opportunities through better control and transparency. Alfred also explains how a lack of housing supply and improved credit quality have made today's market very different from the housing crash of 2008.   Drawing on more than 10 years of experience in residential credit, Alfred discusses MetLife Investment Management's approach to mitigating risk through careful loan selection, strong counterparty relationships, and thorough due diligence. He also delves into the operational complexities of managing large volumes of individual loans and how MIM works closely with clients to address the reporting, accounting, and liquidity challenges of this asset class. If you're interested in how residential whole loans can fit into an insurance company's broader investment strategy, this episode is a must-listen.

The rising cost of housing has brought into full view the need for more affordable housing solutions. Fannie Mae's new Mission Index aims to assist the housing market by enhancing transparency and supporting disadvantaged borrowers. This episode of Fixed on ESG explores the Mission Index and Social Bond Framework for single-family RMBS pools, looking at pool composition, prepayment performance, the collaborative effort behind the launch, and more. David Klausner, ESG Specialist at PGIM Fixed Income, hosts this discussion with Nick Sapirie, Vice President of Single-Family Capital Markets at Fannie Mae, and Kaustub Samant, Head of Mortgage Credit Research at PGIM Fixed Income. Recorded on September 5, 2024.

High rates and inflation will continue threatening consumers' ability to pay their debts in some regions in the coming months, but solid job growth will temper the negative effect on performance.Speakers: Nick Monzillo, VP-Senior Analyst at Moody's Ratings; Gaby Trinkaus, Senior VP/Manager at Moody's Ratings; Gracie Zhou, VP-Senior Analyst at Moody's RatingsHost: Aaron Johnson, VP-Senior Research Writer at Moody's Ratings

In this episode of Morningstar DBRS' “European Securitisation Insights” podcast, host Mudasar Chaudhry, who leads our European Structured Finance Research team, is joined by Adriana Alvarado, Senior Vice President, Sector Lead of Global Sovereign Ratings and Ketan Thaker, Managing Director of European RMBS & Covered Bond Ratings to discuss the impact of the new Labour government on the UK's housing market. The episode explored the shift to the newly elected Labour Party-led government after 14 years of Conservative Party-led rule, the election result's impact on the UK economy, and the key takeaways from this change. As always, house prices and housing availability are important to UK voters. The panel discussed the views presented in the pre-election Labour Party manifesto, particularly those around housing plans for the next parliament. Past governments have repeatedly failed to meet housebuilding targets, and the speakers examined whether the problem lies in the number of houses built or other factors at play. The panel also delved into our credit view on how the new government's proposed policies could affect the performance of UK residential mortgage-backed security (RMBS) transactions.By downloading or listening to this podcast, you are agreeing to the Morningstar DBRS disclaimer and legal terms and conditions found at dbrs.morningstar.com/about/disclaimer and dbrs.morningstar.com/about/termsandconditions, including that the information provided is not investment, financial or other advice. Morningstar DBRS will not be liable for losses arising from your use of the information. Please note that the content of this podcast is intended for European audiences only.

In this episode of Morningstar DBRS's “European Securitisation Insights” podcast, host Mudasar Chaudhry, Head of European Structured Finance Research, collates the thoughts of Morningstar DBRS analysts featured at this year's 2024 Global ABS conference in Barcelona:- Ronja Dahmen, Vice President, European RMBS & Covered Bond Ratings spoke on the Day 1 panel European Residential MBS- Christian Aufsatz, Head of European Structured Finance, moderated the Day 2 Issuer Roundtable- Mudasar Chaudhry, Head of European Structured Finance Research, moderated the Day 2 Investor Roundtable- Sebastiano Romano, Vice President, European NPL Ratings, spoke on the Day 1 European NPL/RPL Supply panelRelated research is available at the following link: https://go-dbrs.morningstar.com/GlobalABS2024 By downloading or listening to this podcast, you are agreeing to the Morningstar DBRS disclaimer and legal terms and conditions found at dbrs.morningstar.com/about/disclaimer and dbrs.morningstar.com/about/termsandconditions, including that the information provided is not investment, financial or other advice. Morningstar DBRS will not be liable for losses arising from your use of the information. Please note that the content of this podcast is intended for European audiences only. 

Rod Lockhart CEO of LendInvest PLC.   LSE Listed LendInvest (LINV) is the UK's leading FinTech platform focussed on mortgages.  They offer residential, buy-to-let, short term and development mortgages to intermediaries, landlords, developers and homeowners.   Rod joined LendInvest in 2015 to lead the business' Capital Markets and Fund Management division. Within that time Rod has overseen LendInvest's AUM growth from £100m to £3bn+ and managed the launch of its listed Retail bond and RMBS programmes. Rod became CEO of LendInvest in January 2020. Rod is a Chartered Surveyor with over 20 years' experience in property and property finance. He was previously Senior Director and a board member of the Investment Advisory Committee for CBRE advising UK and global institutional clients managing a range of property and property debt portfolios I sat down with Rod to discuss a broad range of subjects which covered some of the following topics: * How he got into real estate * Early career moves * What is - RMBS & CMBS * LendInvest's product offering * Leveraging technology * The GFC * Opportunities in the market place * Transition to CEO Oh and one last question - who are the People, what Property, and in which Place Rod would invest should he have £500m of capital at his disposal. Catch the full episode, which is live on Spotify, Apple and Youtube NOW! The People Property Place Podcast

For our first episode in 2024, our host, Tom Schopflocher, is joined by Cian Chandler, S&P Global Ratings' Global Structured Finance Chief Analytical Officer, to introduce our “ABS Frontiers” article series. Throughout this year, these informative commentaries will explore sectors that are somewhat “out of the ordinary,” which, in addition to being interesting and possibly not broadly understood by the market, show potential for growth in origination and securitization. Some asset classes we've published on so far include C-PACE, music royalties, private credit funds, and bridging loan RMBS. In the episode, we discuss our reasons for embarking on this article series, which include providing market insight based on what we are seeing and what may come down the line. Click on the link below to access the series: ABS Frontiers Series

Our conversation focuses on the landscape for residential mortgage-backed securities (RMBS), including thoughts around investment considerations. Featured are Clayton Triick, Head of Portfolio Management of Public Strategies with Angel Oak Capital Advisors, and Leslie Falconio, Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office. Host: Daniel Cassidy

Recent cyberattacks on three mortgage servicers did not hurt rated residential mortgage-backed security performance, but show how disrupted operations can affect structured finance transactions.Speakers: Peter McNally, VP-Sr Credit Officer at Moody's Ratings; Frank Wissman, VP-Senior Analyst at Moody's RatingsHost: Aaron Johnson, VP-Senior Research Writer at Moody's Ratings

Greg Lippmann is the Managing Founding Partner and the Chief Investment Officer of the $9.8bn asset management firm, LibreMax. Prior to founding LibreMax, Greg was head of all non-agency RMBS, ABS, and CDO trading globally at Deutsche Bank. His prescient call on the subprime crisis was immortalized in the book and film The Big Short. In the film, Greg is played by Ryan Gosling. In this podcast we discuss: what led Greg to believe there would be a subprime crisis, thinking about convex trades, launching LibreMax, and much more.   Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive

The RMBS market, specifically Non-QM, is showing signs of recovery and growth following the COVID-19 pandemic. Amid rising rates, Non-QM is facing unique challenges and opportunities not present in the broader mortgage market. The upswing in mortgage rates has led the origination channel to shift its focus towards Non-QM, providing a favorable tailwind for future sector growth and market penetration. On the flip side, delinquencies are beginning to rise in Non-QM unlike the broad mortgage market. Non-QM securitizations have faced spread pressures similar to other structured credit products (which have eased in recent months), creating challenges for securitizations but also opportunities for new entreats. In this episode, Vadim is joined by Justin Mahoney of Shelter Growth Capital Partners to discuss in-depth trends.Subscribe to our free research to stay up-to-date on the latest trends. Contact sales@dv01.co to learn how dv01 data can help you understand what's going on in the market, and to better analyze your whole loan portfolio and securitizations.

In this special episode, host Annie Kane sits down with AFG chairman and former ASIC chairman Greg Medcraft to discuss why he believes Australia needs a public RMBS and his proudest achievements as chairman of the financial services regulator. Tune in to find out: Why he's passionate about securitisation What he's most proud of from his tenure as ASIC chairman Why he joined AFG And much more!

On today's episode, HW Media CEO Clayton Collins had the opportunity to interview a really phenomenal leader in the housing finance sector, Jennifer McGuinness. She is currently the CEO of Pivot Financial, previously president of Invigorate Finance, and her 25-year career spans from origination to tech to asset management. Jennifer built the first hedge fund issuer of AAA-rated RMBS securities collateralized by a newly originated loan. She was also a HousingWire Woman of Influence in 2023 and a HousingWire Vanguard back in 2019.In this episode, Jennifer shares some of her expertise about the jumbo prime securitization market and the crazy experience she had back in 2014 heading the deal team responsible for becoming the first hedge fund issuer of AAA-rated RMBS securities. They also talk about careful economic decision-making that's done with imperfect information, what she's seeing in this rate environment and recent mortgage consolidation trends.Related to this episode:Connect with Jennifer on LinkedIn Follow Pivot on LinkedInPivot Financial HousingWire AnnualHousingWire on YouTubeEnjoy the episode!HousingWire Annual is where the community from across the housing ecosystem comes together to share strategies, drive business, discover new technologies, discuss best practices and meet industry leaders. Our agenda is power-packed with content to propel your company to the next level and connect you with industry playmakers. Click here to learn more!The Housing News podcast explores the most important topics happening in mortgage, real estate and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire's news desk. Hosted by Clayton Collins and produced by the HW Media team.

In this special episode, host Annie Kane sits down with founder of Stargate and Interstar Securities, Vernon Spencer, to discuss the beginnings of the mortgage industry and how he became the father of residential mortgage-backed securities in Australia. Tune in to find out: How the mortgage and broking industry started in Australia How and why he brought RMBS to Australia The importance of technology and innovation in improving the mortgage process And much more!

Dallin Merrill, Director of Residential Mortgage-Backed Securities (RMBS) Policy at the Structured Finance Association (SFA), joins host Patrick Dolan to discuss the formation of the SFA RMBS Data Tape Task Force. We assess the main areas of discussion for issuers, investors, rating agencies and third-party review and diligence firms, and explore the benefits of revised data tape fields for the RMBS securitization market.

In recent years, the US mortgage markets have faced mounting pressure from rising interest rates, declining originations, and heightened regulation. In part two of our three-part podcast series on the current state of the US mortgage markets, Mayer Brown experts will discuss the current challenging environment for mortgage origination, as well as recent trends seen in the RMBS and CMBS securitization markets. Listeners can also expect updates on recent improvements to the Ginnie Mae securitization programs, as well as developments we have observed in the MSR market. Please join Mayer Brown partners Krista Cooley, Eric Edwardson, Haukur Gudmundsson and Miller Smith as they discuss these updates and offer their thoughts on what's to come.

Our conversation outlines the current landscape for fixed income investors and where to locate opportunity within RMBS. We also discuss the road ahead for monetary policy, the economy and the broader. markets. Featured are Colin McBurnette, Senior Portfolio Manager, Angel Oak Capital Advisors, and Leslie Falconio, Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office. Host: Daniel Cassidy

$TSLQ - shorting $TSLA - WhY? The Great 8 Stocks - $MSFT $META $GOOG $TSLA $AAPL $AMZN $NVDA $NFLX $CCL an over reaction FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com  SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3MFGCRG  $20 off your first month - only $5 for the first month Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93 Sign up for Webull and get free stocks like I did - https://a.webull.com/yNyte9iTQnfaDYFHdv Support the podcast - HERE Social Links and more - https://linktr.ee/dailystockpick  NOTES $TSLQ buy - $33.70 - 65 min algo provided support - but hold tight - on a daily $TSLA hit a golden cross (50 day crossed up on the 200 day). This won't be a long hold for me.  How does $TSLA typically perform after a Golden Cross?  If you entered long the day after a Golden Cross and exited one month later (21 candles), you would have just a 55% win rate and avg return of -0.41%  Seems like a lagging indicator on this particular name. AXS TSLA Bear Daily ETF (TSLQ) The AXS TSLA Bear Daily ETF seeks daily investment results, before fees and expenses, that correspond to the inverse of the daily performance of the common shares of Tesla, Inc. The expense ratio of the fund is 1.37%.

Jerome Cheng and Tengfu Li discuss how China's economic rebound will support residential mortgage-backed securities and a handful of Asia-Pacific banking systems with close ties to the country. Speakers: Tengfu Li, AVP – Analyst, Moody's Investors Service; Jerome Cheng, Associate Managing Director, Moody's Investors ServiceHosts: Danielle Reed, VP – Senior Research Writer, Moody's Investors Service; Aaron Johnson, VP – Senior Research Writer, Moody's Investors ServiceRelated content on Moodys.com (may only be available to registered users or subscribers):RMBS – China: Economic rebound, low rates and policy support are positive for mortgage borrowersBanks – Asia-Pacific: China's reopening will benefit only a few banking systems in Asia-Pacific

Scott Millar, partner in our Melbourne banking and finance practice, joins host Patrick Dolan to discuss the Australian securitization market. We examine the most popular asset classes and typical parties involved in an Australian securitization transaction. We review both private and public transactions, including residential mortgage-backed securities (RMBS) as a common asset class for both bank and non-bank issuers, and discuss recent regulatory developments affecting the Australian securitization market.Listen and subscribe to the Securitization Insight podcast on Apple Podcasts, Spotify, or your preferred podcast app.

The NYSE indexes held up better than the Nasdaq composite as several top-rated growth stocks fell sharply. Despite the harsh selling, the Nasdaq is testing its 10-day moving average and holding near the 12,000 level. Rambus held up well despite selling in the chip sector, but Deere plunged through a long-term support level.  

Ken Shinoda, portfolio manager at DoubleLine Capital, joins Julia La Roche on episode 64 to provide his macro outlook and views on housing. He also shares one of his highest conviction ideas right now. Ken joined DoubleLine at its inception in 2009. He is Chairman of the Structured Products Committee and oversees the non-Agency RMBS team specializing in non-Agency mortgage-backed securities, residential whole loans, and other mortgage-related opportunities. He is co-Portfolio Manager on the Total Return, Opportunistic Income, Income, Opportunistic MBS and Strategic MBS strategies. He is also lead Portfolio Manager overseeing the Mortgage Opportunities private funds. Ken is a permanent member of the Fixed Income Asset Allocation Committee and also participates in the Global Asset Allocation Committee. Ken is also the host of DoubleLine's “Channel 11 News” (@DLineChannel11), a YouTube and webcast series that provides market insights and commentary with peers and industry experts. 0:00 Intro 0:38 A ‘master's degree in finance' analyzing MBS during the GFC 2:20 Macro view 5:07 Way more negative on the economy 6:00 Structured Products, explained 7:50 Why housing didn't crash 8:27 Mirror opposite of the financial crisis 9:30 Office space 12:00 Less of a soft landing now 13:30 Housing outlook 17:50 Existing home sales 19:11 The Great Migration 21:00 Institutional buying in housing 24:55 Why the desert states are declining 25:30 Seeing homebuilding pick up again 26:37 Investing in RMBS explained 31:50 Forbearance 33:00 Views on credit quality, performance during different market cycles 37:00 Rates 40:00 Structured products 41:41 Commercial real estate 45:00 Parting thoughts

Please join Mayer Brown partners Jessie Dougher, Jenna Hartnett, Melissa Kilcoyne and Miller Smith for a discussion of what awaits structured finance this year. They will examine some of the key opportunities and challenges 2023 will bring to market participants and discuss topics such as trends in auto and equipment securitizations, the SEC's recent conflict of interest proposal and other things to watch in the current regulatory landscape, RMBS, CMBS and fintech.  

The residential real estate market directly or indirectly impacts everyone. After all, everyone is born short a house. Home prices and construction activity also largely impact economic growth, wealth, inflation, and, for fixed income investors, residential mortgage-backed securities (RMBS). With the market suddenly in a downturn, should investors be prepared for lower house prices and rents? Declines in home construction and sales? Increased delinquencies and defaults on mortgages? In this episode of All the Credit®, Kaustub Samant, Head of Mortgage Credit Research at PGIM Fixed Income, reviews the current state of the residential real estate market, along with the recent history of home price appreciation (HPA) and changes in rental rates. Mr. Samant examines trends in the market and affordability issues, and the looming decline of residential prices and rents. We also discuss implications for GDP and inflation, mortgage default vulnerabilities, and shifts we've made within the capital structure in lieu of changes in the market for mortgage-related fixed income securities. Recorded on January 12, 2023.

Interest rate hikes in many regions have slowed home price growth, but even where prices have started to decline, affordability remains strained. What are the implications for mortgage-backed securities, particularly for transactions backed by mortgages originated in the past year, when home prices were peaking?Guests: Rodrigo Conde Puentes, Vice President – Structured Finance Group, Moody's Investors Service, Sonny Weng, Vice President – Structured Finance Group, Moody's Investors Service, and Ilya Serov, Associate Managing Director – Structured Finance Group.Host: Aaron Johnson, Vice President – Research, Moody's Investors Service.To read more on this topic, read these reports on Moodys.com (some content only available to registered users or subscribers).Rising interest rates and inflation are eroding housing affordability in many Asia-Pacific countriesHousing – Europe: Risks grow across sectors along with likelihood of housing downturn RMBS – US: Sector update – Q3 2022: Prime jumbo issuance drops, performance stays healthy

I've given 6 stocks that have had 10%-20% moves in less than a week that I go over. I also go over a long term outlook for the S&P so tune in to see if I think the rally continues. Here are the notes I follow when doing the show. NOTE - I recorded live on Youtube and Instagram - links to both below in the LINKTR.EE Largest 1 day Dollar drop in the history of the US dollar - that's why you got the rally. Home prices falling - rates rising and you're going to see things level off. But remember - slowing down means slowing down - we've been in a 20 year bull rally that has been based on growth. If you slow down - that might be bad. But this could be a year end rally that continues. $Rmbs for Tom on Twitter Vix has bottomed out at 19 on most of these rallies Days like today don't happen in bull markets and it is by no means a signal to pile into stocks. In 2000-2002, the Nasdaq had 14 up days of 6% or more, and you would have been wrong 14 times if you thought the bottom was in. BREAKING: China eases Covid measures, cutting quarantine and scrapping flight bans, per AFP. https://twitter.com/saxena_puru/status/1590958375004958720?s=46&t=pqmhZZUrDf94OD2WSYzA_A Bond rates tanked … look at the 10 year …. It's going to come back up pushing these levels back down $Bac $gs $jpm $ms $c $Mara $Gbtc $Ethe $Biti $Bito $Boil $Uco $Tqqq $Sqqq ENERGY $VNOM $Cop $Dvn $Oxy $Xom $Cvx $Fang $PXD $Xpo for dman $Wday and other cloud stocks Thank veterans $Tsla - does Twitter need more money? Probably … he says it might go bankrupt … it's losing $4mil a day Earnings next week $TGT $WMT $ZIM $SBLK $LOW $HD $TJX $NVDA $CSCO $SONO $BBWI $BABA $M $PANW History for the summer $SPG $GS $BAC $BOIL $TQQQ $SOXL $KO at $50 $META Significant ones that look good $AAPL $AMZN $GOOG $PANW $SHOP $SNOW $TGT $XLK - example of the 200 day being resistance Support the podcast - https://anchor.fm/dailystockpick/support Social Links and more - https://linktr.ee/dailystockpick --- Support this podcast: https://anchor.fm/dailystockpick/support

The financial reporting season has shown that mortgage lenders have been booming recently, with the ability to raise funds to keep mortgages flowing a key part of the success for many of the non-bank lenders, in particular. In fact, residential mortgage-backed securities (RMBS) have been a boon for non-bank lenders recently, with $8 billion of the $10 billion of issuances coming from non-banks in the first quarter of this year. In this episode of In Focus, partnered by Firstmac, we're sitting down with chief financial officer James Austin to find out: Why the non-banks have been busy issuing RMBS How RMBS issuances actually work Why he believes the economy is in a strong position to withstand headwinds And much more!

S&P Futures are slightly lower this morning. Markets in Europe and Asia are higher, Oil is weakening on Chinese demand concerns. Fed Funds futures are showing a 21.5% probability that the Fed will raise its key interest rate to a range between 3.5% and 3.75% or higher by the end of the year, down from 45.7% a week ago. Boeing is up over 4% this morning as the company is resuming production of its 787 Dreamliner. Later today we have earnings announcements from CNA, CHKP, J, ON, GPN, BCC, RMBS, OTTR, CAR, PINS, MOSANET and more.

Doug Olaughlin, founder of fabricated knowledge, comes on the podcast to talk about the semiconductor space in general and then dive into his thesis on Rambus (RMBS) and why the market might be missing their big growth call option.Fabricated knowledge website: https://www.fabricatedknowledge.comDoug's RMBS thesis: https://www.fabricatedknowledge.com/p/a-pure-play-on-datacenter-memory?s=wChapters0:00 Intro3:00 Why semis are so compelling 4:10 What's driving the auto / semi shortage6:55 What Doug's seeing in the semi world11:30 Why generalists struggle with semis15:15 Where are we in the semi-cycle right now?21:30 Separating semi inventory issues from long term supply coming on31:45 How fragile is the semi supply chain39:40 Does a crypto winter impact semis?44:40 Diving into RMBS56:00 What Doug is seeing the market is missing58:30 How sustainable is RMBS's FCF?1:02:30 Why is insider ownership so awful here?1:06:30 RMBS's acquisition program1:08:05 Will RMBS really own CXL?1:14:30 closing thoughts

S&P Futures turned lower after showing gains this morning. Friday's sell-off closed out the month of March with an 8.8% decline for April. The yield on the benchmark 10-year Treasury note edged up to 2.942% from 2.885% on Friday. The key economic event this week will be the announcement from the FOMC on monetary policy on Wednesday afternoon. Expectations are for a 50 basis point rate hike along with comments on reducing the Fed's balance sheet. This afternoon watch for earnings announcements from RMBS, CHGG, CC, CAR, CLX, MGM, EXPE, NXPI & LOGI.

Antonio Tena of our Structured Finance group and Atsi Sheth from our Credit Strategy and Research team join host Aaron Johnson to discuss the impact of the Russian invasion of Ukraine on European structured finance. And then Yehudah Forster, an attorney in our Structured Finance group, talks about the impact of a recent court ruling on US consumer debt-backed securitizations.Related content on Moodys.com (some content only available to registered users or subscribers): Structured Finance – Europe: Magnitude of negative impact of Russian invasion will vary across asset classesCredit Conditions – Global: Russia-Ukraine conflict adds new hazards to global credit and exacerbates existing risksConsumer ABS and RMBS – US: CFPB's step forward in trust suit spurs risks across consumer securitizations

Warren Kornfeld from the Banking team, Rachael McDonald from Public Finance, Kelly Chen and Natalia Gluschuk from Corporates and  Barbara Rismondo from Structured Finance discuss the outlook for sectors exposed to the US, European and Chinese housing markets in the year ahead.Related content on Moodys.com (some content only available to registered users or subscribers): Property – China: Outlook turns negative on tightened funding accessState Housing Finance Agencies – US: 2022 outlook remains stable as portfolios recover and strong issuance continuesHousing Associations – United Kingdom: 2022 Outlook stable given higher turnover and robust liquidity (Slides)Non-bank mortgage companies – US: Outlook revised to negative from stable as declining originations constrain profitabilityRMBS and ABS – EMEA: 2022 Outlook – Underwriting will normalize while improving economies aid performanceRMBS - US: 2022 Outlook - Eroded affordability will weaken new RMBS; outstanding deal losses will rise but remain lowHomebuilding – US, Building Materials – US & Europe: 2022 outlook largely positive (Slides)

Inside this episode:In this month's episode, Nick Monzillo of our US Structured Finance team, and Tony Parry of our European Structured Finance team join hosts Aaron Johnson and Ruth Mantell to discuss the stronger-than-expected performance of asset-backed securities during the coronavirus pandemic.Related content:Consumer ABS – US Rising employment will help sustain solid collateral performance The strengthening employment picture and broadly strong economic recovery are positive for US consumer ABS, speeding the pace at which incomes can take over from government aid.RMBS and ABS – EMEA Collateral outperforming previous expectations as economies improve  As collateral has outperformed our initial expectations, we have revised most of our collateral forecasts to stable for the next 12-18 months.