The guidance clarifies that data center securitizations aren’t considered ABS as defined in the Securities Exchange Act.

TPG Mortgage Investment Trust is set to acquire Cherry Hill Mortgage Investment in a $117.5 million deal.

Rocket Companies is boosting its originations of consumer loans and sending the production to ABS.

If approved, Zaria National Trust Bank would offer trustee services for ABS, servicing, collateral management and more.

The Structured Finance Association says the GSEs should be able to accept multiple credit scores on a single application and disclose that information to MBS investors.

The strategies Fannie Mae and Freddie Mac use to manage their retained mortgage portfolios appeared to converge in the second quarter. (Includes data table.)

VA loans have notoriously high prepay rates compared to FHA loans, in part because of VA’s generous refinance program.

Banks are expected to increase their use of synthetic-risk transfers following greater clarity on the products from regulators.

Performance among borrowers with higher loan-to-value ratios has continued to weaken relative to higher-credit-quality auto loan borrowers, and loss severity has increased.

The firm issued $3.7 billion of ABS during the second quarter, a 76.2% sequential jump. Pagaya aggregates auto loans, unsecured consumer loans and point-of-sale financing products.