Nonbank lenders now dominate the US mortgage market for loans to low-income families guaranteed by the federal government. They are heavily reliant on short-term funding and have only a slim cushion to weather a shock.
Ostrum Asset Management expert’s economic and market analysis.
Green shoots of a global mini-cycle recovery have encouraged stronger risk appetite and a benign forward outlook.
If neither the structure of life insurers’ assets changes, nor the level of long-term interest rates, the attractiveness of life insurance for savers may rapidly diminish.