MORL News and Press, UBS AG London Branch FR SP E-TRACS REDEEM 16/10/2042 USD 25

The impact on non-agency CMBS defaults, using our Yield Book model to simulate the impact of commercial real estate price declines of 20%, 30% and 40%, over the next year. We find a 40% CRE price decline gives CMBS losses close to the levels seen for 2007/08 loan vintages after the GF...

The 30-year national average for a fixed-rate mortgage has remained fairly stable without any significant uptick. Despite mortgage rates remaining relatively stable, there has been a downward move in purchase applications in recent weeks. The MBA’s weekly reading on purchas...

And this is just for April, the very beginning of the pandemic's impact on housing. OK, it's actually worse. Mortgages that are in forbearance and have not missed a payment before going into forbearance don't count as delinquent. They're reported as "current." And 8.2% of all mortgages in ...

PMI Composite FLASH Markit’s Composite Purchasing Managers Index has continued to recover, rising to 46.8 in mid-June from 37.0 in May. This is well off the low of 27 set in April. While it still shows the economy is in contraction (below 50.0), there is clearly a slowdown in the ra...

By Janaki Rao and Monika Carlson As fixed-income markets have started to recover following the massive selloff and liquidity crunch in March, credit risk-transfer securities (CRTs)―agency mortgage securities not guaranteed by Fannie Mae (FNMFM) and Freddie Mac (FMCC)―...

By Robert Hughes Housing construction activity sank in April as starts fell by 30.2 percent, while new permits dropped 20.8 percent. Total housing starts dropped to 891,000 at an annual rate from a 1.276 million pace in March, the slowest pace since February 2015. The dominant single-famil...

REIT Rankings: Mortgage REITs In our REIT Rankings series, we introduce and update readers to each of the residential and commercial real estate sectors. We focus on sector-level fundamentals, analyzing supply and demand conditions and macroeconomic factors driving underlying performance...

The World Turned Upside Down Economists and financial markets have seen things previously thought not to be possible. These are negative interest rates and then negative oil prices, most recently. Macroeconomics could be further discombobulated, by a severe labor shortage that causes an in...

Real Estate Weekly Outlook Will the rent get paid? Following strong gains last week after the successful passage of the massive $2.2 trillion stimulus package, U.S. equity markets declined on another volatile week as employment data painted a grim picture of the state of the U.S. economy...

We just experienced one of the sharpest and fastest drops in market values ever recorded. At the time of this writing… The S&P 500 ( SPY ) is down 29%. The Nasdaq (QQQ) is down 31%. The Dow (DIA) is down 32%. Data by YCharts It took years for these indexes to generate...