Santander Bank is issuing a securitization of closed-end second liens sourced from Pennymac. Also, an affiliate of PIMCO is offering a securitization of seasoned HELOCs.

Low debt-to-income ratio levels and pool diversification should protect residential MBS investors from losses due to rising premiums for property insurance, according to Moody’s Ratings.

The solar ABS market has received “much needed clarity” in recent months following uncertainty tied to the Trump administration, according to Bank of America Global Research.

After a few years of headwinds, performance of self-storage properties in commercial MBS looks likely to stabilize, according to KBRA.

Fed still working toward a Treasury-only balance sheet; BlackRock, Hoplon units partner to bring in new ABS issuers; ABS East set for record attendance; CREFC adjusts plans for DC symposium.

Residuals from securitizations can generate close to 20% in returns though the asset class carries significant risks. Nonbanks are showing a strong appetite for the asset, but there is limited liquidity.

Securitizations linked to data centers are mostly insulated from the direct risks of a potential AI bubble, according to industry participants.

The criteria are looser than Fitch’s previous standards. The updates include higher penalty on mortgages with DSCR below 0.75x and an expanded modification outcome scenario to derive total loss severities to second-lien collateral.

Issuance of commercial MBS in 2025 is poised to surpass last year’s volume. It’s been a strong year for CMBS across asset types except office space.

Upgrade is getting into auto loan ABS issuance and Imprint Payments is set to issue its first credit card ABS.