The rule, implemented in June, aims to prevent conflicts of interest in the ABS market. The SEC provided no-action relief in May, helping ease compliance with the rule.

ABS sectors including commercial equipment, shipping containers and trucking could experience the biggest negative impacts from rising tariffs, according to S&P.

Commercial MBS servicers are utilizing appraisal reduction amounts and nonrecoverable advance determinations more often as servicer advances increase.

The relative immaturity of the asset-backed finance sector carries risks, but market players see a space brimming with opportunity.

The securitizations will pay off older ABS from the issuers. Rating services had largely positive things to say about the deals.

Harley-Davidson Financial Services will sell $5 billion of existing retail loans and two-thirds of future originations to the investment firms.

Despite big declines in securitization of auto loans and equipment financing, several other ABS categories saw increased issuance in the second quarter. (Includes three data tables.)

While primarily known for mortgages, Rocket has been originating consumer loans since 2016. The loans are originated in partnership with Cross River Bank, providing federal preemption of state laws.

Economists find that the ability of fintechs to incorporate alternative data into their underwriting allows them to expand their borrower base while at the same time reducing defaults and delinquencies.

Jersey Mike’s has started marketing a $400.0 million whole-business securitization, while Nothing Bundt Cakes is prepping a $445.0 million deal.