Many auto ABS market participants believe subprime lenders will be subject to new laws requiring them to ensure borrowers have the ability to pay.

A dispute between Two Harbors and its former external manager will continue in court, with a focus on intellectual property. The REIT’s chief investment officer also abruptly left at the end of the second quarter.

Arbor Realty Trust closed two deals in June: A $450 million multifamily MBS and an $815 million commercial MBS.

Jumbo mortgage originations were up in 2020 but most production remained on the lenders' books. Direct sales of conventional loans to non-agency securitizers also fell. (Includes data chart.)

A whole-business ABS from Wendy’s was upsized this week. Carl’s Jr./Hardee’s and Five Guys are also in the market with deals.

CLO issuance has gained speed with the macro environment looking good and interest rates rising. Note: While S&P was quick to downgrade deals during the pandemic, upgrades have been slower.

Rates have been meandering of late but one data point is on the rise: MBS trading. Question: have “mREITs” peaked?

The New York Supreme Court’s Appellate Division said the continuing nature of the alleged harm defeated the state’s six-year statute of limitations for breach of contract claims.

Fitch says payment relief and government assistance have been the main drivers for recovery in the ABS market.

New deals from Flagstar Bank and Redwood Trust demonstrate how quickly issuers are stocking prime non-agency MBS with new originations.