Report
Corina Gonzalez ...
  • Mark Fontanilla
  • Quincy Tang
  • Sagar Kongettira

2022 U.S. RMBS Outlook: Can Resilience Continue in the Twilight of Coronavirus Interventions?

2021 was another historic year, with the coronavirus-era recovery progressively improving through what is hopefully the tail end of the pandemic. On the back of unprecedented government and private economic and social interventions, nearly all aspects of the economy, including public health, communities, businesses, and markets, have improved over the worst of 2020. However, economic conditions still have some way to go to get back to normalcy, stability, and what everyone hopes to be a post-coronavirus world.

As coronavirus-era interventions subside, the U.S. RMBS market will likely be migrating to a more balanced risk profile, which means relatively less upside/more downside risk versus 2021, but the credit performance trends did enter 2022 on a positive trajectory.

Contents:

-- DBRS Morningstar 2022 U.S. RMBS Outlook: Perspectives at a Glance
-- Introduction
-- Sector by Sector
-- Prime Credit
-- Non-Qualified Mortgage (Non-QM)
-- Credit Risk Transfer (CRT)
-- Mortgage Ins. Linked Notes (MILN)
-- Single-Family Rental (SFR)
-- Reverse Mortgage (RM)
-- Other
Provider
DBRS Morningstar
DBRS Morningstar

DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.

Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.

Analysts
Corina Gonzalez

Mark Fontanilla

Quincy Tang

Sagar Kongettira

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