Bloomberg: Fix-and-Flippers Face Stiffer Competition in the Housing Market

Caroline Chen, senior vice president at Income Research + Management, provided insights in an article
2 min read
Share this post

Original article by Adam Tempkin

 

Caroline Chen, senior vice president at Income Research + Management, provided insights in an article for Bloomberg on the growingly competitive housing market. Caroline commented on the single-family rental bond pushback, after asset-backed securities spreads reached historic lows, stating that the structures are more issuer-friendly these days and that in some cases, issuers have been allowed to sell property collateral from the transactions in order to monetize the positive housing price appreciation (HPA). She warned, though, that if prices turn downward, fewer homes backing a loan with negative HPA would change the environment and make it riskier for investors.

 

Read full article here (paywalled).

Share this post

Related posts

View all
2 min read

BondBloxx and IR+M launch US tax-aware bond ETF

BondBloxx, an exchange-traded fund issuer specializing in bond ETFs, has joined with fixed-income asset manager Income Research + Management to launch a new ETF designed to maximize after-tax income on a bond portfolio, the firms said on Thursday.

2 min read

BondBloxx Breaks Out New Tax-Aware ETF

On Thursday, BondBloxx partnered with Income Research + Management (IR+M) to launch the BondBloxx IR+M Tax-Aware Short Duration ETF (NYSE Arca: TAXX).

2 min read

Fund Files: BlackRock PM comes off $2bn fund, BondBloxx launches active ETF

Veteran BlackRock portfolio manager Joseph Wolfe has come off of the $1.9bn BlackRock Large Cap Focus Value fund (MABAX) and the $7.8m BlackRock Global Impact fund (BGIMX), according to filings with the Securities and Exchange Commission (SEC).

Data provided as of January 2, 2024
@ 2024 Income Research + Management. All Rights Reserved.
chevron-down