KBRA
KBRA's RMBS Breakfast Forum: Outlook, Products and Performance Drivers

May 5, 2026 | 8:00 AM - 11:30 AM EST


New York, NY

About the Event

KBRA is pleased to host the RMBS Breakfast Forum on May 5 in New York City. This event will include discussions led by KBRA’s RMBS Analytical Leadership and leading industry experts bringing real-time insight into U.S. RMBS market conditions. The panels will bring a combination of data-driven insights and KBRA methodology-focused discussion and will provide market participants with a practical framework for evaluating risk and opportunities relevant across Prime, Non-QM, Second Lien and esoteric RMBS sectors. Panelists will explore these topics in today’s evolving RMBS landscape, including credit trends, product and borrower profiles, and regulatory considerations.


Discussion Topics 
  • Prime, CRT & Second Lien Market Outlook
  • Non-QM & Investor DSCR
  • Residential Transition Loans (RTL)
  • Performance Trends & Credit Fundamentals

Where
Ease 1345
Concourse Level, 1345 6th Ave, New York, NY 10105
*RSVP by April 28, 2026. 
This event is closed to Press and Media. Registrations will be reviewed regularly. Email events@kbra.com for more information.

Register

Agenda

8:00-8:45 AM EST

Breakfast & Conference Registration

Agenda is subject to change. 

8:45 - 9:00 AM EST

Opening Remarks


9:00-9:45 AM EST

Prime, CRT and 2nd Lien Outlook, Performance and Current Trends

  • KBRA’s Prime Default & Loss Study
  • CES/HELOC Outlook & Performance
  • CRT and the GSEs- What does the future hold?


9:45-10:30 AM EST

Evolving Trends in Non-QM and Investor DSCR Mortgages

  • Overview of KBRA’s Non-QM Default and Loss Study
  • Recent developments in Non-QM and DSCR products
  • Update on Non-QM Performance

10:30-10:45 AM EST

Networking Break



10:45-11:30 AM EST

The Esoteric Landscape-Spotlight on Residential Transition Loans (RTLs)

  • What is an RTL?
  • Drivers of Investor Demand
  • Overview of KBRA’s RTL Methodology


11:30 AM EST

Event Concludes



KBRA Speakers

Ed DeVito

Senior Managing Director
RMBS

Patrick Gervais

Senior Managing Director
RMBS

Dan Hall

Senior Director
RMBS

Van Hesser

Senior Managing Director
Chief Markets Strategist

Jack Kahan

Senior Managing Director
Global Head of ABS & RMBS

Armine Karajyan

Senior Director
RMBS

Sharif Mahdavian

Managing Director
RMBS

Edward Tamiso

Senior Director
RMBS

KBRA Business Development 

Dan Stallone

Managing Director
+1 646-731-1308

Gabriela Hodara

Managing Director
+1 646-731-2499

KBRA's RMBS Breakfast Forum: Outlook, Products and Performance Drivers

May 5, 2026 |New York, NY

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KBRA

KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the US, UK and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.

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