Columbia University researchers dispute the conventional wisdom that says Fannie Mae and Freddie Mac dramatically overpay CRT investors.

In a first-of-its kind ruling, a bankruptcy court ordered a 2021 whole-business securitization from Hooters Restaurant Group to be cancelled and essentially re-issued.

“True lender” risk and legal scrutiny are a growing concern for issuers of consumer loan ABS.

WaFd Bank replacing whole-loan holdings with MBS; solar ABS on downgrade watch; dv01 expands into credit card ABS.

President Trump effectively directed the GSEs to fill in the role that the Fed had been serving in terms of agency MBS investments. The stimulus could be short lived, with the purchases expected to wrap up by June.

The flexibility is part of an effort by Ginnie Mae to make its digital collateral program more attractive.

The trade group addressed common pay-history questions ranging from recency expectations to credit reports as a source of payment history.

A mortgage with a prepayment penalty might be as much as 65 basis points cheaper for borrowers, according to GSE shareholder Bill Ackman.

Rating services caution that President Trump’s proposed one-year credit card rate cap would negatively impact card issuers and ABS issuance.