Bank ABS holdings rose unexpectedly in the fourth quarter, but most of the gain came from a portfolio securitization of consumer loans by one institution. (Includes two data tables.)

Mortgage REITs mostly treaded water in the fourth quarter, although aggregate industry holdings were down slightly from the previous period. (Includes two data tables.)

Despite significant changes following 2008, the non-agency market still only makes up a small portion of total MBS issuance.

Higher vehicle prices and inflation are reducing auto lending to subprime borrowers and lifting the prime sector’s share of ABS issuance.

If the central bank was required to mark its securities holdings to market, it would be more than $1 trillion in the hole, according to a new research paper.

The number of loans in commercial MBS with NRA determinations more than doubled in 2023 and is expected to rise again this year.

Wholesale-broker platforms took a significantly bigger share of the shrinking refinance market in 2023 as consumer-direct/retail volume lost ground. (Includes six data tables.)

Questions posed by Supreme Court justices during oral arguments suggest the court could rule in favor of banks seeking preemption from state laws requiring interest payments on mortgage escrow accounts.

The new program will help reduce the number of buyback requests lenders receive for loans that are defective but still performing.

Nonbanks are under increased pressure as borrowers face skyrocketing obligations on taxes and insurance. Concurrently, there’s a risk that interest rates will decline, cutting into MSR values.