SFA On The Issues
SFA educates legislators and regulators about policy matters that are vital to the structured finance industry.
CEO Michael Bright Discusses Advising Policymakers about SFA’s Issues in Fox5 Interview
Research Corner
SFA Research Corner: Executive Order Meets the SFR RMBS Maturity Wall
February 5, 2026
A new executive order on institutional SFR ownership arrives just as the SFR RMBS market approaches a major maturity wall. While the policy does not directly restrict securitization, heightened review and uncertainty could influence refinancing conditions for a market facing $16 billion of bond maturities in 2026 alone.
What We’re Watching
Egan-Jones Removed from Bermuda Monetary Authority’s Recognized Credit Ratings Providers
Egan-Jones Ratings Co. is no longer listed by the Bermuda Monetary Authority among the ratings providers that can inform an insurer’s solvency capital requirements in…
WSJ: Build-to-Rent Industry Stands to Gain from Recent Executive Order
The WSJ reports that President Trump’s recent Executive Order targeting institutional investors that buy single-family homes exempts the build-to-rent (BTR) investors. Rather than purchase existing housing stock,…
U.S. FHFA Releases New HPI Showing 0.6% Rise
On January 27, the U.S. Federal Housing Agency (FHFA) released their monthly House Price Index (HPI) for November 2025. The report details a 0.6 percent…
FT: Long-Term Unemployment in the U.S. at a 4-Year High
According to the Financial Times, long-term unemployment is at its highest since 2021 pandemic rates. The most recent data shows that finding a new job…
Federal Reserve Keeps Interest Rates Unchanged
In a press release following the Federal Reserve’s January 28th meeting, the Committee reached a decision to maintain the target range for the federal funds rate at 3‑1/2…
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