The growing securities holdings in Fannie’s retained mortgage portfolio include a large share of non-Fannie agency MBS.

Issuers of utility recovery bonds want the SEC to treat the asset as corporate bonds. They raised concerns about a recent flip by the SEC to treat URBs as ABS, though the SEC notes that it has considered some URBs to be ABS for years.

Interest rate cuts by the Federal Reserve look likely to help maintain investor demand for ABS in 2026.

Treasury researchers develop new measures to predict interest rates on mortgages using shifts in MBS prices.

The $288 million deal is focused on multifamily properties. To this point, the bank’s securitization activity has solely been ABS.

The gain in November agency MBS issuance came from another rise in rate-term refinance securitization. United Wholesale Mortgage, Rocket and Pennymac remained the top three agency sellers despite declines in monthly volume. (Includes two data tables.)

The Securities and Exchange Commission received 31 comments in response to a concept release that sought feedback on revisions to disclosure requirements for publicly-registered securitizations.

CFTC Provides No-Action Letter Tied to Bank CRTThe move reduces some regulatory ambiguity for banks that issue certain credit-risk transfer transactions.

Federal Reserve Ends Balance Sheet ReductionAfter 42 straight months of allowing its security holdings to run off, the Federal Reserve finally said “enough.” The central bank’s current balance sheet: $6.134 trillion.

Federal banking regulators issued a final rule to adjust the enhanced supplementary leverage ratio that applies to large banks. The directive aims to increase bank investments in low-risk assets, including Ginnie Mae MBS.