A new study found that an increase in days over 90 degrees has a statistically significant impact on mortgage defaults and prepayments, both of which affect yields on MBS.

Loans in a new ABS from Cross River Bank were originated in partnership with Upstart Network. Partnerships with banks provide interest-rate preemption to many nonbank lenders.

NPL securitizations may help asset managers shore up their liquidity in the face of rising delinquencies on commercial MBS. While uncommon, a handful of commercial NPL securitizations were issued between 2013 and 2017.

S&P warned of potential downgrades that could hit timeshare ABS if the economy slows down.

Some 39% of the MBS and ABS issuers who participated in a Moody’s survey said they had boosted their cybersecurity spending since 2019. But still, advanced practices remained out of reach for many issuers.

Ginnie Mae President Alanna McCargo said the agency needs more Congressional support in the form of funding for staffing and other issues.

Mortgage securitization rates remained at previous levels as new primary market production and MBS issuance grew at similar rates in the second quarter. (Includes data chart.)

The planned $223.7 million securitization includes home equity investment agreements originated by Unlock Technologies.

The reverse mortgage industry is lauding a recent Ginnie policy change designed to reduce liquidity pressures for issuers of MBS backed by FHA home equity conversion mortgages.

Members of the National Association of Insurance Commissioners defended NAIC’s plan to allow state insurance commissioners to overrule the ratings assigned to MBS and ABS held by insurance companies.