After a long and unprecedented period of payment suspensions and foreclosure bans, housing obligations are resuming for many borrowers, and mortgage liquidations are picking up.
Join our analysts from the Financial Institutions and Structured Finance teams who will offer our insights on what’s ahead, and why things after this crisis will differ from conditions after the last housing-sparked recession.
Agenda13:00 - 13:45EST
Home Price Boom Market and Solid Job Market Limits Risks as Unprecedented Forbearance Passes
Despite the severity of the pandemic and its impacts on mortgage performance, losses will likely be tame, reflecting positive factors from the introduction and carefully considered unwinding of forbearance programs, to soaring home prices and the relatively quick, if still incomplete, rebound in employment. Furthermore, although the stock of unresolved loans presents some risk to the housing market, the number of likely foreclosures and supply-demand conditions suggest the threat should be manageable.
Specific topics include
- What we expect to drive mortgage portfolio performance at financial institutions during the next phase of the pandemic-era
- How US RMBS have been affected by forbearance programs and foreclosure moratoriums, and potential implications of structural features as performance evolves
- How we expect housing market and economic conditions and the unwinding of borrower relief to interact with each other
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