A remote workforce and growing demand for energy-intensive artificial intelligence are driving investors to ABS financing for data centers and fiber optic internet.

The securitizations will pay off older ABS from the issuers. Rating services had largely positive things to say about the deals.

Researchers say the avalanche of lease cancellations initiated by DOGE in the first half of 2025 has reduced cash flows and lowered the price of the first-loss tranches of CMBS.

Harley-Davidson Financial Services will sell $5 billion of existing retail loans and two-thirds of future originations to the investment firms.

Joe Gormley nominated for Ginnie president; UBS pays DOJ to end lingering non-agency MBS obligations from Credit Suisse; Chase marketing non-agency MBS with reperforming loans.

Financial players are trying to get ahead of possible risks as insurers increasingly diversify their portfolios with private credit.

When acquisitions at the GSEs are slow, their mortgage and liquidity portfolios play a larger role in earnings. (Includes data table.)

President Trump said he plans to maintain an implicit guarantee for the GSEs if they’re removed from conservatorship. Prominent agency MBS investors expressed relief about the administration’s stance on GSE reform even though they don’t expect near-term action.

Although delinquencies are higher for certain consumer credit sectors compared to recent years, fundamentals are holding up and analysts are becoming more optimistic about the economy’s performance in the remainder of 2025.

Fitch Ratings proposed changes to its rating criteria for non-agency MBS. If implemented, 10% of outstanding residential MBS ratings by Fitch will be upgraded.