This week’s Research Corner depicts how non-agency RMBS issuance is on track for a new post-2008 record. Year-to-date, new issue has reached $119 billion, surpassing 2020’s full-year volume and just 12% below 2019’s record year. Building that momentum, strong contributions come from prime jumbo non-QM ($39.1 billion) and re-performing/non-performing non-QM loans ($23.6 billion).
This week’s research corner looks at the May’s job report and how improving labor market conditions support securitization. While jobs growth continues to be positive, which is supportive of consumer credit, the report also reflects a labor market still dealing with the lasting effects of the pandemic.
This week’s Research Corner examines how securitizations increase the lending capacity of lenders and provide small businesses with reliable access to capital.
This week’s Research Corner examines how stronger than expected first-quarter activity and a pickup in vaccine distribution have resulted in more optimistic outlooks.
This week’s Research Corner analyzes Community Development Financial Institutions, which are private financial institutions whose primary mission is to support community development by providing financing to low-income, low-wealth individuals — a population that has been historically underserved by traditional lenders.
Used vehicle prices rose 5.87% to 179.2 in March, as reported by the Manheim Used Vehicle Index. March’s value is 26% above its level one year ago and is a record high for the Index.
Revolving consumer debt, which primarily represents credit card balances, rose $8 billion in February to $974.4 billion, the largest month-over-month increase of this measure since 2019 according to the Federal Reserve’s G.19 Consumer Credit Report.
In 2020, mortgage originations for prime borrowers saw the strongest gains, as origination levels for borrowers with weak credit profiles either dropped or saw only modest growth.
