Original article by Joy Wiltermuth
Caroline Chen, senior vice president at Income Research + Management, provided insights in an article for MarketWatch on non-QM loans and the current housing market. She described the various challenges and quirks of dealing with non-QM borrowers in general and during times of stress. Despite the risks, she also highlighted their potential for high returns for mortgage bond investors.
On Thursday, BondBloxx partnered with Income Research + Management (IR+M) to launch the BondBloxx IR+M Tax-Aware Short Duration ETF (NYSE Arca: TAXX).
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).
Recent pricing on wholesale ABS deals for chains Wendy’s and Massage Envy illustrate differences on deals in this area of the market, reports Eikon.
