Mayra Rodríguez Valladares has been quoted in numerous publications in the US, Europe, Asia, and Latin America.
The safest real estate bonds are agency residential mortgage-backed securities, says Mayra Rodriguez Valladares, a managing partner at MRV Associates in New York. These real estate bonds are backed by Freddie Mac and Fannie Mae. Freddie Mac and Fannie Mae buy prime mortgage loans from banks and pool them into a security or a bond. “Because these government-sponsored enterprises back the bonds, they are the safest securitizations for investors,” Rodriguez says.
The deal is occurring amid the late stages of a credit cycle. “We’ve had this unbelievable economic expansion for over a decade, so it’s not unusual for investors to be looking at more unusual sectors,” said Mayra Rodriguez Valladares, a bank regulatory and capital markets consultant in New York, referring to hospitals and private prisons. For private equity, the Department of Defense is a safe, opaque bet. “It’s incredible how little we know of how Department of Defense decisions are made and how funds are channeled,” said Rodriguez Valladares
Critics say KKR’s ‘responsible investment’ stance is being clouded by its stake in a controversial tear-gas maker
“KKR can’t have it both ways,” said Mayra Rodriguez Valladares, managing principal at capital markets consulting firm MRV Associates. “If it really has ESG policies, it can’t be involved in any way, shape and form with Safariland,” she said. “They can sell the loan. They are not obligated to keep it,” she said, referring to KKR’s stake in Safariland.
“There is an incredible diversity of community, regional and global banks in the U.S., as well as credit unions,” she said. “Consumers have a lot of choices for financial services in this country. It does not have to be an either-or situation. Individuals can do online and brick-and-mortar banking jointly.”
Mayra Rodriguez Valladares, managing principal at MRV Associates, said, “There is a good chance that the Fed will pause in rate cuts.” “To cut rates would be a mistake,” she said. “This extraordinary decade of such low interest rates has led to a perverse incentive for company executives and private equity firms to have record levels of debt, both in bonds and loans. The rising amount of below investment grade bonds and loans could significantly amplify the effects of a recession.”