first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago A Comeback With A Twist HOUSING Investors Kroll Bond mortgage RMBS Servicing 2018-10-30 Krista Franks Brock Share 1Save A newly revived residential mortgage-backed securities (RMBS) market has not only begun to flourish over the past couple of years but also to evolve with new features that according to Kroll Bond Rating Agency (KBRA) “merit additional consideration from a credit standpoint.”  Both the prime and non-prime RMBS markets have experienced a reinvigoration over the past two years with private label securities issuances scaling to $50 billion in 2017. That’s up from just $18.8 billion in 2016 and $29.3 billion in 2017, according to KBRA in a report released recently. This is a significant change from just three years ago in 2015 when, KBRA says, “prime issuance was nearly non-existent, and in 2016, prime sponsors were exiting the market, not accessing it.” The most active newcomers to the RMBS market are Flagstar Bank, which issued eight RMBS transactions in 2017; Invictus Capital Partners, which issued six; and American International Group, Inc. (AIG), which issued four. KBRA expects these institutions to continue their role in the RMBS market. The non-QM market experienced increased activity with risk retention from Redwood Trust, Galton Funding, Neuberger Berman, Starwood Property Trust, and Annaly Capital Management, Inc. KBRA attributes some of the growth in RMBS issuances to tightening spreads, investor acceptance of alternative loan products, and “to the surprise of many participants,” growth in agency-eligible collateral. The reinvigorated RMBS market has changed from pre-crisis days though. Three key differences in today’s transactions are the inclusion of stop advance provisions, variable servicing fees, and alternative documentation. Stop advance provisions prevent servicers from advancing interest on delinquent loans after a set time, often 120 days. This feature generally leads to a “significant increase in ultimate principal recovery as well as a commensurate decrease in current interest paid to certificate holders,” according to KBRA. Pre-crisis RMBS transactions typically featured set servicing fees, and often the fees were in excess of the servicing costs. “The desire for more efficiency and the potential for higher investor yield led to the development of variable servicing fee structures,” according to KBRA, which noted both “advantages and drawbacks to this fee structure.” Alternative documentation also has its pros and cons. They allow for self-employed and non-traditional wage earners to enter the market, but KBRA offers a note of caution. Not all alternative documentation programs are alike, and each should be examined and considered thoughtfully. When it comes to income duration or asset qualification, “less robust methods likely involve higher ATR claim risk,” KBRA stated. The Week Ahead: Nearing the Forbearance Exit 2 days ago October 30, 2018 1,769 Views in Daily Dose, Featured, News, Secondary Market Previous: Triggering Homeownership Next: Don’t Worry About Cash-out Refis Just Yet The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days agocenter_img Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Krista Franks Brock Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Home / Daily Dose / A Comeback With A Twist Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Tagged with: HOUSING Investors Kroll Bond mortgage RMBS Servicinglast_img

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first_imgBychemex Limited (BYCH.mu) listed on the Stock Exchange of Mauritius under the Industrial holding sector has released it’s 2017 abridged results.For more information about Bychemex Limited (BYCH.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Bychemex Limited (BYCH.mu) company page on AfricanFinancials.Document: Bychemex Limited (BYCH.mu)  2017 abridged results.Company ProfileBychemex Limited is a subsidiary of Harel Mallac & Co. Limited and specialises in the manufacturing and sale of specialized chemical products and auxiliaries for the textile industry in Mauritius. Bychemex Limited handles its operations through the segments of textile auxiliaries, bleaching and dyeing chemicals, and scouring chemicals, where the company produces detergents, wetting agents, anti-crease agents, sequestrates, dispersants, and softeners, hydrogen peroxide, brine solution and caustic solutions. Bychemex Limited is listed on the Stock Exchange of Mauritius’ Development and Enterprise Market.last_img

first_img Cliffdarcy has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Cliff D’Arcy | Thursday, 28th January, 2021 | More on: JMAT OCDO Image source: Getty Images. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” These 2 FTSE 100 shares have leapt over 20% in 30 days. Which would I buy? Over the past 30 days, the Johnson Matthey share price has leapt by more than a fifth (20.8%). For the record, its shares are up 13.2% over one year, down 6.7% over three years and ahead 22.3% over five years. To me, this is no bubble stock and, indeed, may be one FTSE 100 share ripe for re-rating. At the current share price of 2,985p, Matthey is valued at £5.8bn. That’s almost double its valuation during the March market meltdown of 10 months ago. Matthey’s earnings per share took a hit in 2020, but are expected to bounce back this year on rising revenues. For now, they pay a dividend of 1.7% a year. As a precaution, the dividend was cut in 2021, but may be restored to previous levels this year.Last April, I saw a once-in-a-decade opportunity to buy into this British success story at 1,972p. The shares have since soared by over £10, leaping by more than half (51.4%). But with exposure to the coming electric-vehicle boom, I see a solid future for Matthey. Of course, I could be wrong. After all, Matthey had a difficult 2020, cancelling its dividend as its first-half underlying earnings per share halved. If earnings don’t return to growth, then this could be painful for its shareholders. Even so, I would choose this high-quality FTSE 100 share over frothy Ocado any day! The first month of 2021 has seen the FTSE 100 leap and then slide as share prices fell back. Eight days into the year, the Footsie had gained almost 415 points (6.4%), one of its strongest starts in decades. However, it has since slipped back and is now under 45 points ahead (0.7%) for 2021. But some FTSE 100 shares have had a cracking month, with these two in particular surging over the past 30 days.FTSE 100 winner #1: OcadoThe biggest riser in the FTSE 100 so far in 2021 is online grocer Ocado Group (LSE: OCDO). The Ocado share price has soared by more than a quarter (28.8%) in 30 days. What’s more, Ocado has been an outstanding share to own since 2016. Its shares are up 125.1% over one year, 455.5% over three years and 956.8% over five years. As a result, Ocado has also been the best-performing FTSE 100 share over all three of these time periods.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Of course, the Ocado share price may continue to thrash the Footsie, but I am sceptical. Since floating in mid-2010, Ocado has released a decade of results as a public company. As it gets larger, Ocado burns through yet more cash and generates greater losses, including a pre-tax loss of £214.5m in 2019. At the current share price of 2,854p, Ocado is valued at £21.4bn. That’s over 12 times its 2019 revenues. Even though Ocado’s revenues are growing fast, this makes its shares among the most highly priced in the FTSE 100. Also, loss-making Ocado has never paid a dividend. Hence, as a value investor looking for cheap shares and decent dividends, I would not buy this FTSE 100 share today. For me, Ocado looks like a bubble waiting to burst.Johnson Matthey is up 21%My second surging FTSE 100 share is Johnson Matthey (LSE: JMAT). Although not a household name like Ocado, Johnson Matthey has been around since 1817 and has a 204-year pedigree. Matthey is a world leader in the production of specialist chemicals and precious metals. Its products are used in the production of industrial chemicals, emissions controls, batteries, medical products, and and pharmaceuticals. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Cliff D’Arcylast_img

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