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S&P: RMBS Down 50% In Q1
April 5, 2016
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A new S&P report shows a total of $7B in RMBS activity in Q1 '16—that’s down more than 50% from Q1 '15.
The S&P report includes prime jumbo, reperforming/nonperforming, credit risk transfer, single-family rental and servicer advances in its calculations, and roughly $3B of the $7B hit the market in March, Housing Wire reports.
These numbers are, according to the report, “undeniably well below expectations.” In response S&P cut its 2016 RMBS forecast from $70B to $50B, down from last year’s $54B. [HousingWire]
