At the end of the year, nonbanks will be required to meet new risk-based capital requirements at Ginnie Mae. There’s some speculation that the Trump administration could reverse the rule.

New capabilities added to Freddie Mac’s basic ML-deal will allow corporate CUSIPs to be converted to municipal CUSIPs without impacting the tax-exempt status of the securities.

Kroll Bond Rating Agency believes the ABS sector has a variety of tailwinds, including insurance company demand, that should boost issuance in 2025.

Most of the banking industry’s biggest players in residential MBS reported substantial increases in the value of their holdings in the third quarter. (Includes two data tables.)

The student loan ABS trusts and two industry trade groups have filed separate petitions asking the Supreme Court to review the case.

Rithm Capital hasn’t released many details on its new security backed by MSR, but its CEO Michael Nierenberg calls the transaction “novel” and market participants expect to see more such issuance.

The trade group called on the agency to move forward with its plan to allow loan-level options for MSR transfers.

MBS investors have largely been unscathed from rising delinquencies on non-QMs thanks to cures and structural protections. 

Investor interest in bank credit-risk transactions is expected to grow even if the transactions face regulatory challenges.

The REIT pooled nine multifamily affordable commercial real estate loans in a $384 million securitization.