Read the latest articles and press releases about securitization and structured finance.

Industry News

Treasury Yields Rise to Highest in 2 Years—Investors Rethinking Upcoming Fed Interest Rate Hike

MarketWatch reported on January 18 that the bond market selloff, based on trades since January 1, is the worst start to a year in three or four decades, raising expectations for a sooner than anticipated end to the Federal Reserve’s Quantitative Easing program.

Industry News

Single-Family Home Builders Losing Confidence in the Future as Materials Costs Soar

The National Association of Home Builders (NAHB) released their monthly index on January 18 showing the first decline of confidence among single-family home builders in four months, with future sales expectations for the next 6 months dropping from 85 to 83.

Industry News

Improving Economy Supports Mortgage Loan Performance

CoreLogic’s monthly Loan Performance Report, released January 11, shows that October’s mortgage delinquency rate, which has been steadily declining, has returned to pre-pandemic levels at 3.8% overall delinquency compared to 3.7% in October 2019.

Industry News

Fed Report Shows Consumers Continued to Use Their Credit Cards in November

The January 7 release of the Fed’s Consumer Credit Report (G.19) indicates a brisk uptick in consumer credit with an 11% overall increase in outstanding debt, outpacing September and October increases of 7.2% and 4.4% respectively.

Industry News

Hospitality and Healthcare Workers are Leaving Jobs in Record Numbers

The Bureau of Labor Statistics’ Job Openings and Labor Turnover Summary (JOLTS) report, released January 4, tallied 6.3 million total separations in November, matching the record set in September.

Millennials Have Overtaken Housing Market

The Wall Street Journal reports that millennials now account for over half of all mortgage loan applications with the largest spike occurring in the past year. According to CoreLogic, millennials accounted for 67% of first-time home purchase mortgage applications and 37% of repeat-purchase applications in the first eight months of 2021.

Industry News

Employee Quits Rate Declined in October According to Labor Department

The Bureau of Labor Statistics report on job openings and labor turnover (JOLTS), released December 8, showed a decrease by 4.7% in voluntary separations. As a rate of the workforce, the quits rate fell from a record high of 3% in September to 2.8% in October.

Industry News

Consumers Show Confidence in Labor Market, Yet Reluctance to Spend

The Consumer Confidence Index, released November 30, reported consumers’ plans for large purchases, like homes, cars and appliances, decreased for the first half of November falling to their lowest in nine months.

Industry News

FCA Will Allow Use of Temporary Synthetic Non-USD LIBOR Rates

On November 16, the Financial Conduct Authority (FCA) announced it will permit the temporary use of a synthetic version of the LIBOR benchmark rate for legacy contracts using sterling and yen. Specifically, the FCA is only allowing the publication of 1-, 3-, and 6-month rates of these currencies on a synthetic basis until the end of 2022, to allow more time to complete the transition.

Industry News

Federal Reserve Announces Formal Plan to Begin Tapering Pandemic Stimulus

On November 3, following its two-day Federal Open Market Committee meeting, the Federal Reserve announced it will commence withdrawing emergency stimulus support it has been providing since the onset of the pandemic

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