Initial estimates on Hurricane Helene’s impact; Ginnie to host summit with a focus on nonbanks; MSR financing securitization from Freedom; T-Mobile moves forward with cell phone financing ABS.

Rated ABS issuance was relatively flat in the second quarter. In the non-agency MBS market, rated production was buoyed by the surging home-equity sector. (Includes two data tables.)

Securitization rates held steady in the second quarter for conventional-conforming as well as government-insured mortgages. In the non-agency market, demand from MBS investors declined. (Includes data table.)

The Structured Finance Association warned that if servicers incur uncompensated expenses for a lengthy period it would decrease the value of mortgage servicing rights.

FINRA received approval from the SEC to shorten reporting requirements for most trades of MBS and ABS from within 15 minutes to within one minute of a deal having transpired.

The trade groups claim the Third Circuit ruling relied on an “artificial” interpretation of CFPA’s definition of a covered person.

It’s been a quiet year when it comes to new stock issuance from mortgage REITs. But thanks to the Fed trimming rates by 50 basis points, with another 50 bps in cuts expected, activity could pick up markedly.

New rating criteria for securitizations of residential transition loans have helped increase uniformity across recent issuance.

Morgan Stanley acquired a portion of the failed Signature Bank’s multifamily loans in March. Many of the loans differ in structure from the typical loans that go into commercial MBS.

Improved underwriting and consumer resiliency makes DoubleLine bullish on the consumer ABS market moving forward.