All Mortgages articles
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White papersCommercial Real Estate: Emerging Value Amidst the Storm
This post provides a brief overview of current conditions within the CRE market, assess the implications of tighter lending conditions, and shares our investment views in the current environment.
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White papers
US Commercial Real Estate Outlook: Seeking Calmer Waters in Quality
The COVID-19 pandemic upended the way we live and work by creating secular changes and accelerating trends that were already afoot. For investors in commercial real estate, the results have been mixed.
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White papers
Real Estate Value in Turbulent Markets
We analyze the good, the bad, and the ugly of the correction in global commercial real estate.
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White papers
Fixed Income: Securitized sectors outlook and opportunities
Fixed income is once again offering income, leading to attractive risk-adjusted return profiles in some segments of securitized sectors. As investors look to take advantage of higher yields, securitized sectors can offer not only income opportunities, but also uncorrelated returns and diversification benefits.
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Blog
2023 February US MBS Agency Market Recap: Rising Vols/Rates Erodes Gains, Dormant Stack Beholden to Rallies
U.S. Agency Mortgages slumped after a promising start to the new year, as rising Vols detracted from embedded call structures like MBS. Supply ticked up above recent month levels, providing headwinds against production coupons while lower coupons are completely dependent on rates rallies and “mark to market” pricing as trading is fleeting there.
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Podcast
Fixed on ESG, Ep. 9 - COP27: Takeaways from Sharm El-Sheikh
John Ploeg and Birgit Jakobsen highlight the major takeaways from COP27.
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Podcast
All The Credit, Ep. 35 - Hitting Home: The State of the Residential Real Estate Market
Kaustub Samant and Mike Collins review the current state of the residential real estate market.
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Blog
December ‘22 U.S. MBS Agency Market Annual Recap
U.S. Agency Mortgages closed out the month on a sour note as earlier tightening was faded into year-end illiquidity. December did end modestly positive along the index, paring gains back to +29bps versus riskless Treasury curve and +33bps spread advantage.
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White papers
A compelling entry point for MBS
Mortgage-backed securities (MBS) opened 2022 with drawdowns not seen in 40 years and high volatility that tracked the MOVE Index, a measure of uncertainty in the bond market.
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White papers
*Investing in Dutch mortgages – As safe as houses*
Dutch mortgage loans have become a cornerstone investment for many institutional investors in recent years. With their attractive risk/return profile and long duration, they can act as an appealing alternative to other high-quality fixed-income products.
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White papers
Finding the edge in mortgage and consumer loans
The mortgage and consumer loans sector is a long-established and attractive asset class that only opened up to institutional investors relatively recently, as a result of regulatory changes. It offers many advantages, including a highly diverse nature, an entrenched legal framework, excellent growth prospects and inflation protection, as well as the potential for stable and resilient cash flows.
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Video
The Rise of Alternative Property Sectors in the U.S.
Michael Acton, Head of Research at AEW, explains which factors and trends drive the growing interest of institutional investors in the alternative property sectors in the U.S.
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White papers
China’s Economy in the Year of the Tiger
For China, the year ahead holds special political and economic significance. From the Winter Olympics in February to the Chinese Communist Party’s 20th national congress, slated for the fourth quarter, “the world,” as President Xi Jinping has noted, “is turning its eyes to China.”
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White papers
Responsible Lending behavior metrics and scores: Early pay default risk
Responsible behavior in a lending context is the practice of extending fair and reasonable terms to borrowers during the loan origination process; to facilitate the measurement of and highlight the extent of potentially predatory practices within a deal or market segment, quantitative-based metrics have been developed.
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White papers
Libor Transition - Frequently Asked Questions
As LIBOR is being phased out and alternative reference rates are being adopted around the world, investors are coming to grips with the impact of such a change on many corners of finance, from interest rate derivatives and securitized products to adjustable-rate mortgages and floating rate notes.
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White papers
Monetary Seesaw – The Treasury and Fed at Opposite Ends
Over the coming months the Federal Reserve Bank will increase the supply of coupons in the market as it tapers its purchases of treasury and mortgage-backed security (MBS) assets. Meanwhile, the U.S. Treasury will decrease the amount of coupon issuance. These seesaw dynamics could make interest rate markets move in unique ways.
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White papers
Investing in consumer finance portfolios – an untapped opportunity
The emergence of a specialty finance sector in Europe in recent years has opened up an opportunity for investors to gain exposure to a large, mature and resilient asset class – consumer finance – offering myriad of potential benefits, including diversification and higher risk-adjusted returns.
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Blog
The booming US housing market: How much of a rate increase can it withstand?
We previously explored the impact of the COVID recession on the US housing market, and how it’s differed from the GFC—primarily in that an anticipated housing crisis never materialized.
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White papers
Responsible Lending behavior metrics and scores: Outsized Rates
Responsible behavior in a lending context is the practice of extending fair and reasonable terms to borrowers during the loan origination process; to facilitate the measurement of and highlight the extent of potentially predatory practices within a deal or market segment, quantitative-based metrics have been developed.
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Podcast
The Great Housing Diaspora of COVID-19
As a result of mass deurbanization during the pandemic, where fleets of people left cities for more suburban areas, residential housing markets have seen unprecedented buyer activity over the last several months. But as buyer demand continues to saturate the market, where does that leave supply? Could deurbanization continue as a post-COVID trend? And what else might investors want to consider in this space?
