Virus crash grips private label mortgage markets

By Max Adams
26 Mar 2020

The private label mortgage market fell into the grip of the Covid-19 crisis this week as shocks to commercial property assets and an end to a decade of US job growth put non-agency CMBS and RMBS in jeopardy.

A staggering US jobless claims number on Thursday morning deepened fears among mortgage market players that the Covid-19 crisis was morphing into a slow-moving version of the housing crisis that upended markets in 2008, leaving little doubt that a period of missed mortgage payments is just over the ...

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