KBRA Releases Research – Coronavirus (COVID-19): U.S. RMBS and Residential Real Estate Ramifications

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Kroll Bond Rating Agency (KBRA) releases a report detailing considerations relevant to the U.S. RMBS ratings process, given the current status of the coronavirus (COVID-19) outbreak.

Main focus areas of the report include:

  • An assessment of the current extent of U.S. government response as it relates to housing.
  • An examination of how these response measures and the expected rise in mortgage delinquencies might manifest in RMBS 2.0 trusts, differentiated by a number of transaction features.
  • A summary of KBRAs discussions with front-line market participants including mortgage servicers, RMBS sponsors, and mortgage insurance companies.
  • Discussions on how KBRAs approach to rating RMBS considers current information and how this may evolve over time.

As events surrounding the crisis unfold, our thoughts are with the individuals and families who have been exposed to the virus.

Click here to view the report.

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. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.

Analytical Contacts

Sharif Mahdavian, Managing Director

+1 (646) 731-2301

[email protected]

Ed DeVito, Managing Director

+1 (646) 731-2319

[email protected]

Jack Kahan, Senior Managing Director

+1 (646) 731-2486

[email protected]

Business Development Contact

Michele Patterson, Managing Director

+1 (646) 731-2397

[email protected]