RMBS performance holds up as housing markets cool

Interest rate hikes in many regions have slowed home price growth, but even where prices have started to decline, affordability remains strained. What are the implications for mortgage-backed securities, particularly for transactions backed by mortgages originated in the past year, when home prices were peaking?

Guests: Rodrigo Conde Puentes, Vice President – Structured Finance Group, Moody’s Investors Service, Sonny Weng, Vice President – Structured Finance Group, Moody’s Investors Service, and Ilya Serov, Associate Managing Director – Structured Finance Group.

Host: Aaron Johnson, Vice President – Research, Moody’s Investors Service.

To read more on this topic, read these reports on Moodys.com (some content only available to registered users or subscribers).

• Rising interest rates and inflation are eroding housing affordability in many Asia-Pacific countries
• Housing – Europe: Risks grow across sectors along with likelihood of housing downturn 
• RMBS – US: Sector update – Q3 2022: Prime jumbo issuance drops, performance stays healthy