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KBRA Releases U.S. Residential Mortgage Bank Update: Time to Decompress?

November 19, 2018

NEW YORK--(BUSINESS WIRE)--Nov 19, 2018--Kroll Bond Rating Agency (KBRA) releases “U.S. Residential Mortgage Bank Update: Time to Decompress?” The report highlights the performance of companies active in the U.S. residential mortgage industry.

The companies discussed include major U.S. banks that dominate the mortgage sector and KBRA’s rated mortgage-centric banks and non-bank financial institutions (KBRA’s Fl Mortgage Panel). Our views and observations also address macro-economic trends, the competitive landscape and emerging themes impacting KBRA’s FI Mortgage Panel. In this inaugural issue, we focus on gain-on-sale (GoS) margins and their impact on mortgage bank profitability. We also look at the increasing role of Mortgage Servicing Rights (MSRs) as a financeable asset and potential capital relief for banks active in the mortgage servicing market. The update also includes commentary on the U.S. housing market, which remains relatively strong, despite rising rates and cooling refi activity. Finally, the piece concludes with a 3Q18 performance and highlight summary for all companies in KBRA’s FI Mortgage Panel.

To access the report, click .

About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005576/en/

CONTACT: Analytical:

Vincent Arscott, CFA, Senior Director

(646) 731-2473

varscott@kbra.comBryan So, Director

(301) 969-3246

bso@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE INSURANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2018.

PUB: 11/19/2018 11:30 AM/DISC: 11/19/2018 11:30 AM

http://www.businesswire.com/news/home/20181119005576/en

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