Securitization of consumer loans and credit cards saw huge gains from the first to the second quarter, helping ABS issuance set a new record. Stellantis was the top ABS issuer in the second quarter, while Bank of America ranked as the top underwriter. (Includes three data tables.)

The Trump administration has provided little guidance on how the GSEs will achieve their goal of purchasing $200 billion of agency MBS. Still, actions by Fannie and Freddie have helped competing agency MBS investors get comfortable with activity by the mortgage giants.

Bayview Asset Management recently issued two forward-flow deals, with the issuer adding to the pools during a prefunding period.

The Basel re-proposal from federal bank regulators includes provisions that would limit mortgage warehouse lending and securitization by banks, according to industry participants.

More than 30 investors participated in the $508.6 million securitization of home equity investment products.

ABS investors are advised to look closely at deals and focus on senior tranches that offer protection from lower-income borrowers.

A recent issuance from Honor Capital builds on an emerging class of ABS that use life insurance policies for businesses and the wealthy as collateral.

Reprise Financial, formerly doing auto loans as Skopos, will issue its first ABS backed by personal loans, some of which rely on used cars as collateral.

Kroll Bond Rating Agency last week assigned ratings on a $191.5 million deal of residential transition loans from Fidelis Investors.

The Structured Finance Association asked NAIC to work with existing supervisory authorities responsible for oversight of rating services to avoid creating duplicative oversight obligations.