Frontline Perspectives Webinar: 2022 U.S. RMBS Outlook

Presented by

Rich Bianchi & Mark Fontanilla

About this talk

Through 2021, the subsidizing effects of coronavirus-related housing and borrower-friendly economic and social policies helped buoy the U.S. RMBS market to higher issuance levels, tighter spreads/funding costs, and, most notably, resiliently low realized losses and accelerated structural credit enhancement gains in pre-coronavirus deals across all RMBS sectors, despite still-relatively high delinquencies. Meanwhile, newer issuance has benefited from better collateral pools, rising home values, and some added structural features at the margin. Join DBRS Morningstar in conversation with Managing Director Rich Bianchi and U.S. RMBS consultant Mark Fontanilla as they discuss the impact of coronavirus-related interventions that buoyed market issuance, and whether the U.S. RMBS market's resilient credit performance will continue at the expected conclusion of these programs in 2022. A Q&A session will follow the presentation for the audience to participate in the conversation.
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Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, we are the fourth-largest credit rating agency in the world and a market leader in Canada, the U.S. and Europe in multiple asset classes.