Although securitization of seasoned non-agency loans fell by 50% from an abnormally high level in early 2026, issuance of MBS backed by recently originated loans held fairly steady. (Includes three data files.)

Kroll Bond Rating Agency last week assigned ratings on a $191.5 million deal of residential transition loans from Fidelis Investors.

The Structured Finance Association asked NAIC to work with existing supervisory authorities responsible for oversight of rating services to avoid creating duplicative oversight obligations.

The near-term credit impact of the new housing legislation on existing SFR securitizations is expected to be benign. Build-to-rent properties are expected to be the predominant collateral in new securitizations.

Angel Oak Capital Advisors believes that a recent rise in interest rate volatility could help increase returns for MBS.

Testifying before the House Financial Services Committee this week, Federal Reserve Chair Kevin Warsh said any changes to monetary policy — including the Fed’s balance sheet — will be made transparently and communicated in advance to the market.

Investors are scrutinizing risks to MBS posed by climate issues. Analysts believe the anxiety doesn’t align with historical data.

The firm started offering credit cards in 2024 and is poised to top more than one million cardholders this year. The monthly payment rate on Robinhood’s gold card is well above MPRs for cards from many other firms, thanks to the 3% cash back offered on all transactions.

While FICO and VantageScore debate whose new credit score model performs best, industry insiders say the transition to new scoring models may take years.

In May, the combined retained mortgage portfolios of Fannie Mae and Freddie Mac saw their first monthly decline in more than a year.