RT Journal Article
SR Electronic
T1 What Lies Ahead: <em>The Challenges of Securitizing Non-Qualifying Mortgage Loans</em>
JF The Journal of Structured Finance
FD Institutional Investor Journals
SP 47
OP 55
DO 10.3905/jsf.2016.22.1.047
VO 22
IS 1
A1 Ron D’Vari
A1 Timothy Bernstein
YR 2016
UL https://pm-research.com/content/22/1/47.abstract
AB Since the financial crisis, the private-label residential mortgage-backed securities (RMBS) market has remained stagnant, in large part because of regulations put in place during the aftermath of the crisis. Although firms have recently begun to revisit private-label securitization, uncertainty in the market is still strong. This article reviews the securitization process, examines the challenges that the private-label RMBS market faces, and explores the opportunities that non-Qualified Mortgage lenders have if they target the right borrowers and follow certain policies and procedures.TOPICS: MBS and residential mortgage loans, legal/regulatory/public policy