Caroline Chen, SVP at Income Research, was quoted in industry publication Debtwire on the risks mortgage markets face as the health crisis affects employment. Caroline remains optimistic on housing, but notes that with “the coronavirus dragging down the economy, every sector is going to be impacted.” As Caroline noted in the piece, Income Research has already been protecting non-QM positions by staying high in the capital structure where bonds get principal payments and are issued with high levels of credit enhancement.
Debtwire: Mortgage firms, investors, keeping an eye on delinquencies as health crisis spreads
March 13, 2020
By Al Yoon