Debtwire’s latest report on RMBS examined the US “fix-and-flip” sector. As Caroline Chen, Senior Vice President at Income Research, noted, the firm has been looking at the value of these deals as it evaluates opportunities for yield across the credit sector. However, given that bonds have fallen in price across the board, Caroline thinks there is better value to be found in the non-QM sector, which has a longer history and credit rating approvals.
Debtwire: A Monthly Guide to US RMBS Activity
March 18, 2020
By Al Yoon