All Mortgages articles
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White papersReal Estate House View: Switzerland - Second half-year 2024
The second kev interest rate cut by the SNB in June will enable the downward trend in debt financing costs to continue, although we are not expecting any further cut in interest rates before the end of 2024.
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White papersESG Momentum in Non-Investment Grade Credit
Issuers are facing an increasingly high bar in relation to environmental, social and governance standards. Our recent panel discussion provided ideas on setting goals and working toward achieving them.
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White papersEconomic Monthly: Strength or Softness?
Consumers have still not run out of runway. Despite having burned through the famous “excess savings” from pandemic-era stimulus, and despite a softer labor market, we continue to see consumers willing and able to spend. As we elaborate below, continued credit availability, investment spending and the labor market provide enough space for households to maintain their spending habits for the next several months.
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White papersLocal banks lead on physical climate risk
The increased frequency of wildfires and flash flooding is already hitting insurance companies. But what about the climate exposures faced by banks in their mortgage and commercial loan books? Will Farrell investigates.
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White papersThe Coming Wave of Homebuyers
How higher rates for longer could be positive for U.S. consumption.
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White papersEuropean structured credit review and outlook: From strength to strength
Structured Credit, and the European ABS market in particular, performed strongly during 2023, aided by attractive valuations, robust underlying collateral performance – despite higher borrowing costs for consumers and corporates – and significant income generation, attributes which have only become more compelling given the uncertain economic outlook.
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White papersHow the Australian canary shows this cycle is different
Across 2023 we had been using Australia as our “canary in the coalmine” to highlight why this cycle is different. Despite some of the shortest maturity mortgages in the world, Australia’s economy has hummed along nicely. Our canary remains singing and shows why meaningful recessions are unlikely.
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White papersWhy Shared Ownership housing economics now look compelling
London’s renters have seen rents rise by up to 10%, while some home owners have seen mortgage rates double on the back of interest rate rises. Likewise, affordability constraints have increased for shared owners, who face higher rents, mortgage payments and service charges. Yet Shared Ownership could still offer considerably better value than other housing options for new buyers.
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White papersThe Mortgage-Backed Moment
Securitized credit, and especially mortgage-backed securities, can be an attractive source of income while waiting for volatile bond markets to settle.
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White papersMortgage-Backed Securities: A Timely Opportunity
Uncertainty over the direction of interest rates has led to a significant widening of spreads in the agency mortgage-backed securities market, creating a potentially attractive opportunity for investors.
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White papersExpect a Few Bumps, but No Accidents, in Auto ABS
In this paper, the Liquidity Solutions team defines benefits of holding asset-backed securities (ABS) in fixed-income portfolios and focuses on the attractive fundamentals of automotive sector ABS in today’s markets.
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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 papersUS 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 papersReal 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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PodcastFixed 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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PodcastAll 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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White papersA 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 papersFinding 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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VideoThe 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.
