S&P has seen several proposals for ABS similar to the $188 million deal Ledn issued in February tied to loans secured by bitcoin holdings.

SEC proposes to exempt MBS, ABS from Rule 15c2-11; Amherst offering single-family rental securitization; Morningstar offers “bring your own loan” rating analysis; subprime MBS from 1999 downgraded.

Since the U.S. initiated strikes on Iran, mortgage rates and MBS spreads have given up all the ground they gained from the Trump administration’s directive for the GSEs to purchase $200 billion in agency MBS.

Investors are showing increased interest in securitizations of traditional home equity loans and home equity investments.

There was strong investor interest in Redwood Trust’s first issuance through the Aspire shelf, which focused on expanded-credit mortgages.

The investors claim the warehouse lenders and underwriters were aware of fraud at Tricolor, but ignored the warnings.

The $562.5 million offering is linked to a pool of loans with a total unpaid principal balance of $5.0 billion.

Kroll Bond Ratings Agency placed a 2024 transaction issued by Kobalt Music on watch for a potential downgrade because of the flagging performance of the underlying assets.

The SEC’s recent push to update disclosure requirements could prompt issuance of publicly-registered MBS.

Fannie Mae’s retained mortgage portfolio surpassed the size of Freddie Mac’s in January, a first since 2022 as Fannie is adding to its MBS holdings at a faster rate than Freddie.