Mortgage REITs mostly treaded water in the fourth quarter, although aggregate industry holdings were down slightly from the previous period. (Includes two data tables.)

Despite significant changes following 2008, the non-agency market still only makes up a small portion of total MBS issuance.

Higher vehicle prices and inflation are reducing auto lending to subprime borrowers and lifting the prime sector’s share of ABS issuance.

If the central bank was required to mark its securities holdings to market, it would be more than $1 trillion in the hole, according to a new research paper.

The number of loans in commercial MBS with NRA determinations more than doubled in 2023 and is expected to rise again this year.

Issuance of GSE Supers MBS remained elevated in the fourth quarter, although down significantly from the previous period. Ginnie remains king of the agency REMIC market. (Includes two data tables.)

Secondary market prices are firming up for non-QM whole loans, but there is chatter among investors that early-stage delinquencies are on the rise. A blip on the radar screen or something else?

Issuance of home-improvement securitizations came in at $3.5 billion in 2023, according to Kroll Bond Rating Agency. Some of that volume was in privately-rated deals that haven’t been disclosed to this point.

S&P Global Ratings projects prime auto loan ABS ratings to remain stable to positive in 2024, but subprime auto ABS ratings could drop.

The potential merger of the two credit card companies will result in significant consolidation in bank credit card portfolios and a new market leader.