SFA On The Issues
Educating legislators and regulators on policy matters is essential to the structured finance industry.
CEO Michael Bright Discusses Advising Policymakers on SFA’s Issues in Fox5 Interview
Research Corner
SFA Research Corner: Trends in Consumer Credit Health Show Signs of Improvement
June 20, 2024
Consumer well-being is crucial for evaluating the risk and performance of $10 trillion of securitized products backed by consumer loans. Inflation has eroded purchasing power, leading to higher delinquencies and defaults, particularly among vulnerable borrowers.
What We’re Watching
Mortgage Lock-In Effect Exacerbating Housing Affordability
The mortgage rate lock-in effect is exacerbating housing affordability challenges. Median home prices have risen to $419,000 in May, up from $270,000 pre-pandemic. Two thirds…
WSJ: Strain on Small and Large Banks in the CRE Sector
Differences in the performance of CRE loans are leaving the largest banks (those with more than $100 billion in assets) more exposed to distress in…
Powell Comments on Potential Re-Proposal of Basel III Regulation
In a Senate Banking Committee hearing on July 9, and followed by the House Financial Services Committee on July 10, Federal Reserve Chair Jerome Powell stated that he and…
CFPB Proposes Amendments to Regulation X on Mortgage Servicing
On July 9, the CFPB proposed updates to existing mortgage servicing regulations. These changes would make some pandemic borrower protections under the 2020 CARES Act permanent. Under…
Michael Bright Featured in RealClearMarkets
In his article, SFA CEO Michael Bright argues that Freddie Mac’s plan to buy second mortgages poses significant risks to taxpayers and the housing market….
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