The RMBS recovery has been very slow and somewhat disappointing, according to Managing Director
One pertinent question investors are posing is whether final QM rules will help. Pereira said the impact so far has been very limited as lenders are still adjusting their underwriting guidelines to conform to the new rules. As to whether non-QM loans will make their way into new deals, Pereira said it is not really a question of when, but rather what type of non-QM loans we will see in new deals. Further, investors are seeking perspective on the securitization of non-traditional mortgage assets including non-performing or re-performing loans and single-family rental receivables which could provide a shot in the arm to the somewhat dormant private label RMBS market.
As part of Fitch's new investor video series, the rating agency's U.S. structured finance group heads discuss hot topics on investors' minds and how Fitch is addressing these topics, be it on specific deals, regulatory issues or even ways to enhance Fitch's research products. The video series will be available on Fitch's 'Multimedia' page at 'www.fitchratings.com'. Questions can be emailed to 'firstname.lastname@example.org'
Additional information is available on the following page: 'http://info.fitchratings.com/VirtualInvestorMeetings/'
Additional information is available at 'www.fitchratings.com'.
Head of U.S. RMBS
Global Head of Securitization and Covered Bonds
Managing Director, Business and Relationship Management
Source: Fitch Ratings
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