It all starts at the ground level
– or more specifically at the underlying asset. The housing crash and
recovery led to write-downs and then opportunities for investors in Non AGY
MBS. Now, as this article demonstrates, the opportunity in housing is
normalizing, and so too will the returns of instruments tied to the recovery
(notwithstanding a handful of niche sectors). On the plus side,
stabilization of the housing market and shifting paradigms in homeownership are
opening the door for an increase in loan origination and new asset classes like
single-family rental securitizations. We are moving into a new era for
residential mortgage credit investing where opportunism, research, and breadth
of experience will preside over credit beta.
Tradex Global Advisory Services, LLC
investorrelations@thetradexgroup.com
203-863-1500
@Tradex_Global
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