The Third Circuit Court of Appeals recently ruled that student loan ABS trusts are subject to the CFPB’s authority.

Ginnie issuers say cyber reporting standards are too onerous; SEC fines CLO manager; SEC fines rating services for inadequate recordkeeping; T-Mobile ABS sputters; DoubleLine reduces management fee.

REITs and overseas buyers could take up the slack.

What might a new owner of MBS/specialty servicer SPS do with the company? That’s hard to say, but it would appear growth is on the agenda.

Portfolio restructuring by the Federal Reserve accounted for about a third of new Fannie and Freddie Supers issuance in the second quarter, but volume is slowing down. (Includes two data tables.)

Money managers overweight with agency MBS are looking to reduce their exposure, creating new investment opportunities for other segments of investors.

A task force at the National Association of Insurance Commissioners recommended adoption of a proposal to alter credit ratings on investments at insurance companies. However, NAIC didn’t move forward with the proposal at a meeting last week.

CMBS collateral saw $842.6 million in new appraisal reduction amounts in the first six months of this year and may double the 2023 total by yearend, putting pressure on recoveries.

The smoothie maker has some differing characteristics compared with other fast-food operators with whole-business ABS.

Used equipment inventories are on the rise, adding to other agriculture equipment ABS risks posed by high interest rates and lower equipment demand, according to Moody’s Investors Service.