The 30+ day delinquency rate for the non-QM sector in April was 6.6%, up 20 basis points on a monthly basis.

A superior court decision centered on a bank-fintech partnership rejected the state’s argument regarding the “true lender,” providing protection for secondary market participants.

Kroll Bond Rating Agency said the One Big Beautiful Bill Act’s changes to federal student loans for graduate students will likely create a structural funding gap and shift loan demand toward private lenders, with production flowing into ABS.

Bank ABS holdings rose in the first quarter thanks to sizable gains in securities backed by consumer and auto loans. TD Bank accounted for much of the increase. (Includes two data tables.)

The voluntary scope aims to standardize practices among due diligence reviewers and also prevent a “race to the bottom.”

A relatively small portion of mortgages use eNotes despite the insistence of trendsetters that eNotes have boosted their bottom lines.

Fannie saw a slightly bigger increase in Supers issuance than Freddie did in the first quarter. Ginnie Platinum issuance was down, but the agency led the way in CMO production. (Includes two data tables.)

The rating service last week finalized a methodology update that will allow it to rate securitizations of home equity loans.

The two companies launched a solution to simplify mortgage delivery into the secondary market.

S&P Global Ratings has found that data center ABS ratings look likely to hold up to stress amid the sector’s unprecedented growth.