The Federal Reserve’s 2020 stress tests will examine certain large banks’ ability to weather severe shocks in the leveraged lending market.

JPMorgan Chase has issued its first ABS transaction backed by credit card receivables through Chase Issuance Trust since May 2018. A wildcard to the deal, however, is a pending lawsuit involving the issuance trust.

Many analysts anticipated the implementation of CECL would balloon the loan loss reserves of the GSEs. Last week, though, both enterprises downplayed CECL’s potential impact on first-quarter earnings.

Merge Fannie and Freddie, says Mayor (Candidate) Bloomberg; Also: Amherst wants to buy Front Yard REIT.

Presale reports for 12 non-agency MBS backed by new originations have been published this month, led by seven expanded-credit products.

Strike while the iron’s hot: Mortgage REITs are raising cash by selling additional shares of common. How long can the trend last?

The SEC is facing pressure to address “ratings shopping” in the MBS and ABS markets. Big rating services are not keen to switch from the issuer-pays model.

The move from LIBOR to SOFR suffered a setback in December when financial institutions issued less than $4 billion in floating-rate notes tied to the new reference rate.

The coronavirus outbreak may strike little-known pandemic bonds issued by the World Bank in 2017. Travel restrictions in response to the outbreak may also impact ABS backed by aircraft leases.

The Structured Finance Association has brushed aside concerns that CLOs backed by leveraged loans pose a systemic risk to the economy.