Caroline Chen, senior vice president at Income Research + Management, offered IFR her insights on how US residential mortgage-backed issuers were working to bring supply to the market before the end of 2020. The RMBS sector was busy in December, with fundraising showing that investors had confidence in the housing market at the end of the year, Caroline said. Also stoking appetite for RMBS is their relative spread pickup versus other credit sectors, Caroline added, as well as expectations of further home appreciation due to strong demand for single-family homes.
IFR: US RMBS issuers make year-end push amid upbeat outlook for 2021
December 18, 2020
Original article by Richard Leong