The relative immaturity of the asset-backed finance sector carries risks, but market players see a space brimming with opportunity.

Acra has a new parent company in the form of BlackRock, but it’s hard to say much as changed at the non-QM originator.

A&D Mortgage and Imperial Fund Asset Management have received a $250 million commitment from Canyon Partners. The partnership will fund $5 billion of non-agency securitizations.

A remote workforce and growing demand for energy-intensive artificial intelligence are driving investors to ABS financing for data centers and fiber optic internet.

The securitizations will pay off older ABS from the issuers. Rating services had largely positive things to say about the deals.

Researchers say the avalanche of lease cancellations initiated by DOGE in the first half of 2025 has reduced cash flows and lowered the price of the first-loss tranches of CMBS.

Harley-Davidson Financial Services will sell $5 billion of existing retail loans and two-thirds of future originations to the investment firms.

Joe Gormley nominated for Ginnie president; UBS pays DOJ to end lingering non-agency MBS obligations from Credit Suisse; Chase marketing non-agency MBS with reperforming loans.

Financial players are trying to get ahead of possible risks as insurers increasingly diversify their portfolios with private credit.

When acquisitions at the GSEs are slow, their mortgage and liquidity portfolios play a larger role in earnings. (Includes data table.)