Posted on 17317
Kroll Bond Rating Agency (KBRA) releases a report on the acceleration in 2020 of Appraisal Reduction Amounts (ARAs), as well as our analysis of whether they are a good indicator for predicting CMBS loan losses.
ARAs, which serve to limit servicer advances, are also a key factor used to determine shifts in a securitization’s controlling class. KBRA recently reviewed ARAs across the CMBS 2.0 conduit universe, with some of the report’s key observations as follows:
409 ARAs have been effectuated year-to-date (YTD) through November 2020 on CMBS 2.0 conduit transactions. This is 3.7 times higher than the number (111) in full year (FY) 2019.
Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Releases 2021 Sector Outlook: U.S. Life Insurance
January 7, 2021 GMT
Kroll Bond Rating Agency (KBRA) releases its U.S. Life Insurance 2021 Sector Outlook.
The year 2020 brought about unprecedented and unexpected challenges. KBRA believes that the U.S. life insurance industry weathered those challenges well, having entered the pandemic in a strong financial position. The industry’s strong capital and liquidity, high-quality investment portfolios, and enhanced governance and risk management all provided solid support. At the same time, many management teams pulled levers (e.g., discontinuing share repurchases) to bolster capital and liquidity during a period of intense uncertainty.
Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Releases Research - ARAs Surge: Are They a Good Proxy for CMBS Loan Losses?
January 8, 2021 GMT
NEW YORK (BUSINESS WIRE) Jan 8, 2021
Kroll Bond Rating Agency (KBRA) releases a report on the acceleration in 2020 of Appraisal Reduction Amounts (ARAs), as well as our analysis of whether they are a good indicator for predicting CMBS loan losses.
ARAs, which serve to limit servicer advances, are also a key factor used to determine shifts in a securitization’s controlling class. KBRA recently reviewed ARAs across the CMBS 2.0 conduit universe, with some of the report’s key observations as follows: