RMBS Breakfast Forum: Outlook, Products, and Performance Drivers—KBRA Event Recap

KBRA hosted issuers, investors, and other structured finance professionals in New York on May 5 for its RMBS Breakfast Forum: Outlook, Products and Performance Drivers, an event focused on the key trends shaping today’s U.S. residential mortgage-backed securities (RMBS) market. The breakfast brought together market participants from across the RMBS ecosystem for a series of panels covering prime, Agency credit risk transfer (CRT), second lien, non-qualified mortgage (QM), investor debt service coverage ratio (DSCR), and residential transition loan (RTL) securitizations.

The program opened with remarks from Jack Kahan, Senior Managing Director and Global Head of ABS and RMBS at KBRA, and Van Hesser, Chief Markets Strategist at KBRA, who framed the RMBS discussion against a macroeconomic backdrop that remains generally favorable but increasingly uneven. The remarks highlighted that the U.S. economy has continued to expand despite a range of recent shocks, supported by strong corporate…