Franklin Templeton experts balance a higher-rate world and weigh midterm impacts
Professionals anticipate higher volatility in the near term, while examining the risks and opportunities amid rising interest rates, with a yearend view.
Karen Sibayan
Portfolio managers expect spike in defaults, wider spreads
In the midst of increasing economic and geopolitical risks, portfolio managers expect global defaults and credit spreads to rise in the latest IAPCM survey.
Stability prevails in RTL sector, yet regulatory concerns linger
Credit and structural performance have remained steady in residential transition loans, despite fluctuating balances, though some regulatory risks persist.
Newly redeveloped Elk Grove data center anchors $375 million CMBS deal
The securitization is backed by a 174,000-square-foot, 30-megawatt hyperscale data center in Elk Grove Village near Chicago.
Loan Trust launches new RMBS backed by prime fixed-rate mortgages
The deal is backed by recently originated, 30-year fixed-rate mortgages with an average combined loan-to-value ratio of 75.1%, according to Morningstar DBRS.
Chase Home Lending Mortgage issues $378.7 million RMBS
This marks the second transaction from the shelf, backed by 651 first-lien, fully amortizing fixed-rate mortgages.
Morgan Stanley preps $327.1 million business-purpose RMBS transaction
All loans in the deal's portfolio were made to investors and underwritten based on property cash flow and rental income to determine borrower eligibility.
Higher-rated CLOs could weather software turmoil, Morningstar finds
The rating agency said CLO diversity insulates them from sector-specific shocks, fortifying them against the current weakness in software.
CHI 2026-FRKLN seeks to raise $340 million backed by office towers
The transaction's pool includes roughly 2.4 million square feet of office space, or 94.6% of the total, on the first through 60th floors.
CROSS Trust comes to market with $836.7 million RMBS deal
Non-prime loans comprise 72% of mortgages backing CROSS 2026-NQM10 Mortgage Trust, with most of them fixed-rate.
Multifamily portfolio backs $665 million CMBS deal
The $665 million loan is secured by close to 4,000 multifamily units across five states. California properties account for over half of the portfolio's value.
J.P. Morgan Mortgage Trust 2026-NQM5 tops $1 billion with diverse loan mix
The offering is backed by 1,902 first-lien residential mortgage loans, including both fixed- and adjustable-rate mortgages across prime and non-prime borrowers.
BRAVO Residential Funding Trust to roll out $505 million in RMBS
BRAVO 2026-NQM8, underwritten by JPMorgan Securities, is the eighth non-QM RMBS deal under the BRAVO shelf.
OBX’s latest non-prime transaction to raise $1 billion
More than 80% of the mortgage pool was originated utilizing alternative or non-traditional income documentation, KBRA said.
Credit managers divided on severity of corporate default outlook
Industry professionals generally agree that geopolitical risks could impact credit quality, but their true impact remains unclear.
Auto ABS suffers the most in a K-shaped economy
Subprime auto and unsecured consumer loans are under pressure even as overall ABS performance remains steady.
CRE refinancings hold up as some asset classes struggle
Refinancing activity continues to build on last year's momentum, despite some divergence among property types.
Structured finance industry pushes for broader indices
Securitization market participants advocate for more inclusive structured credit indices to overcome the limitations of legacy benchmarks.
Modernized credit scores gain traction despite operational hurdles
As lenders explore the adoption of FICO 10T and VantageScore 4.0, setbacks and data limitations remain.
GSE loans shift to private label for better returns
Lenders are finding better economics by placing agency loans into private-label securities, depending on the particular situation.
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