SFA Market Snapshot
Provided by Structured Finance Association
January’s SFA Market Snapshot closes out 2022’s decline in issuance. Total issuance was down 48% for the year as MBS sectors (agency RMBS, non-agency RMBS and CMBS) pulled back meaningfully. ABS supply has been relatively steady compared to other asset classes, down 10% for the year. Higher borrowing costs dampened appetite for new financings as pricing for new issues moved appreciably higher across asset classes.