Banking regulators proposed modifying the enhanced supplementary leverage ratio that applies to large banks. If implemented, it could lead to the banks to increase their holdings of Ginnie Mae MBS.

JPMorgan Chase Bank issued a new credit-risk transfer deal and FinBe brought a subprime auto ABS. The last time either issuer offered a similar transaction was in 2021.

It’s the first auto loan ABS with loans aggregated from multiple credit unions. Alloya is a corporate credit union that provides services to more than 1,300 credit unions and other entities.

MBS trading volume is creeping low with interest rates stuck in a fairly narrow range.

ABS comprised of solar loans, and the companies that service them, are under pressure as uncertainty swirls around the future of Biden-era clean energy provisions.

Federal and state regulators are eyeing third-party loan arrangements, with implications for ABS.

Years after the agency first sought public comments on the regulation, the SEC’s Office of Structured Finance is interested in taking another crack at finding ways to improve the rules for ABS.

Fannie will take the first losses on the transaction, with additional losses borne by Bayview and investors in the deal. That’s a change from the typical CRT from Fannie where a third-party like Bayview isn’t involved.

In September, FINRA received approval from the SEC for a plan to require one-minute reporting of many MBS and ABS trades. Now the self-regulatory organization is scuttling implementation, citing concerns from industry participants.

New studies show that the expectation of future climate risk effects the current behavior of lenders and CRT can be used to estimate the true cost of hurricane risk.