Browse articles from all of our Newsletters related to Non-Mortgage ABS.
May 20, 2016 - Inside MBS & ABS
The Consumer Financial Protection Bureaus proposed rule that aims to effectively end the use of arbitration clauses in U.S financial product contracts will create new risks for ABS tied to consumer loans as well as related financial services companies, according to Moodys Investors Service. The fact that the proposed rule would not affect contracts outstanding before it is finalized would lessen its effects initially, as well as over the longer term for contracts on products that typically have long lives, such as credit cards, analysts from Moodys said. Nevertheless, if adopted, the rule would expand legal risks for banks and other financial companies, and could adversely affect some securitizations. That being said, Some of the negative effects, however, would be offset...
May 13, 2016 - Inside MBS & ABS
Single-family rental properties are still enjoying a downward trend in vacancies as well as low delinquencies, according to a new report from Morningstar Credit Ratings. However, with more leases set to expire in coming months, vacancy rates may begin to increase. Vacancy rates have trended lower for the sixth consecutive month, Morningstar analysts said in their new report. However, we may see a reversal in this trend in the coming months, given ...
May 6, 2016 - Inside MBS & ABS
Federal banking regulators have proposed a net stable funding ratio for depositories with more than $250 billion in assets that aims to ensure that large banks lending and investing activities are sufficiently supported by sources of stable funding over a one-year horizon. The proposed NSFR would require banks to calculate a weighted measure of the stability of their equity and liabilities over a one-year time horizon, known as the available stable funding, or ASF, and calculate their level of required stable funding (RSF) over the same one-year period. Beginning in 2018, the proposed rule would require...
April 22, 2016 - Inside MBS & ABS
Thanks to a resurgence of deals backed by vehicle-related financing, non-mortgage ABS production rebounded strongly in the first three months of 2016, according to a new Inside MBS & ABS analysis and ranking. But ABS issuance levels came up well short of the volume generated during the first three months of last year, and a few key segments continued to limp along. A total of $41.42 billion of non-mortgage ABS were issued...[Includes two data tables]
April 15, 2016 - Inside MBS & ABS
Overall net losses in subprime auto ABS are on the rise due to an increasing number of deals from smaller lenders that cater to borrowers with weak credit. Amid this trend, however, subprime auto ABS performance varies by lender, according to a new report from Moodys Investors Service. Moodys analysts said competition among auto lenders has tightened as new, mostly smaller, lenders driven by low losses on post-crisis auto loans and low interest rates enter the market and compete for borrowers. The crowded market has driven...
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