S&P Global Ratings projects prime auto loan ABS ratings to remain stable to positive in 2024, but subprime auto ABS ratings could drop.

Fitch maintained its top ranking in rating both ABS and non-agency MBS deals issued in 2023.

The National Association of Insurance Commissioners is working to establish a process that would allow the regulator to alter the ratings assigned to certain MBS and ABS held by insurance companies.

Members of the National Association of Insurance Commissioners defended NAIC’s plan to allow state insurance commissioners to overrule the ratings assigned to MBS and ABS held by insurance companies.

The rating service will assess expected payments from private mortgage insurers, with implications for MI-linked note issuance and potentially non-agency MBS with loans that have private MI.

After receiving intense criticism and a warning from the DOJ, S&P revised a proposal for assessing risk-based capital at insurance companies. One of the changes involves MBS and ABS.

The failures of various banks shouldn’t have a significant impact on investors of MBS and ABS, according to rating services.

MISMO is working to update data fields established by the American Securitization Forum in 2009 for use in the non-agency MBS market.

Nearly 80% of Freddie’s STACRs received an NAIC 1 designation, the highest rating.