All Mortgages articles
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White papersFixed Income Sector Views: Walking, not running, the last mile of inflation
Franklin Templeton Fixed Income believes the US economy shows strength, while the European economy remains stagnant, and both central banks are looking for continued evidence of lower inflation before starting their easing cycles. Read more in the latest Sector Views.
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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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White papersFixed 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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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.
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White papersChina’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 papersLibor 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 papersMonetary 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.
