If there’s any good news on the agency MBS front it’s that new issuance volume increased from the first quarter to the second. Then again, it was driven by seasonality.

Jersey Mike’s has started marketing a $400.0 million whole-business securitization, while Nothing Bundt Cakes is prepping a $445.0 million deal.

The $213.3 million transaction has several credit strengths, including a manual review of all underwriting decisions, Moody’s Ratings said.

Airlines have been balancing liquidity constraints through securitizations of loyalty program future flows, which sometimes exceed the earnings of actual flight operations, according to a recent report from S&P Global Ratings.

The dataset will provide investors and issuers access to performance metrics in the home equity line of credit market.

Will the One Big Beautiful Bill Act cause federal deficits to grow and rates to spike? The simple answer seems to be yes, but so far the yield on the 10-year note hasn’t moved much.

PennyMac Mortgage Investment Trust started issuing non-agency MBS in November as part of an effort to boost its investments in credit-sensitive assets. The REIT is now one of the most active players in the space.

There’s no consensus on how the Trump administration’s effort to end the conservatorship of the GSEs should address senior preferred shares in Fannie and Freddie.

Palisades Group issued a $112.1 million securitization on June 30 that included home equity investment assets from multiple companies, a first for the growing sector.

To this point, Freddie has issued multifamily risk-sharing transactions without ratings. The Morningstar DBRS rating could open these multifamily CRT deals to institutions that only invest in rated transactions.