Ken joined DoubleLine at its inception in 2009. He is Chairman of the Structured Products Committee and oversees the non-Agency RMBS team specializing in non-Agency mortgage-backed securities, residential whole loans, and other mortgage-related opportunities. He is co-Portfolio Manager on the Total Return, Opportunistic Income, Income, Opportunistic MBS and Strategic MBS strategies. He is also lead Portfolio Manager overseeing the Mortgage Opportunities private funds. Ken is a permanent member of the Fixed Income Asset Allocation Committee and also participates in the Global Asset Allocation Committee.

Ken is also the host of DoubleLine’s “Channel 11 News” (@DLineChannel11), a YouTube and webcast series that provides market insights and commentary with peers and industry experts.

0:00 Intro

0:38 A ‘master’s degree in finance’ analyzing MBS during the GFC

2:20 Macro view

5:07 Way more negative on the economy

6:00 Structured Products, explained

7:50 Why housing didn’t crash

8:27 Mirror opposite of the financial crisis

9:30 Office space

12:00 Less of a soft landing now

13:30 Housing outlook

17:50 Existing home sales

19:11 The Great Migration

21:00 Institutional buying in housing

24:55 Why the desert states are declining

25:30 Seeing homebuilding pick up again

26:37 Investing in RMBS explained

31:50 Forbearance

33:00 Views on credit quality, performance during different market cycles

37:00 Rates

40:00 Structured products

41:41 Commercial real estate

45:00 Parting thoughts