The RMBS market has peaked (Banking Day)
“Markets have been artificially tight. We are transitioning from a great market to a good market,” Mr. Austin said.
Austin said COVID was a breakthrough for non-bank lenders because investors who would normally only buy ADI-issued RMBS were buying non-ADI securities.
“They have put the resources into checking us out and we have worked hard to demonstrate the strength of our program,” he said.
Read more (subscription required)