S&P downgraded its ratings of a whole-business securitization from TGI Fridays, noting that cash flows are plummeting and the deal looks likely to default by early 2025.

Researchers link fire sales by REITs at the beginning of the pandemic to sales by other financial institutions.

Third-quarter profits at the government-sponsored enterprises go up and down with their credit reserves. (Includes data table.)

Improved execution is prompting some issuers to stock non-agency MBS with agency-eligible investment property loans.

For issuers that are able to demonstrate a history of successful hedging, Ginnie Mae could allow them to reduce the level of capital they must hold, according to a senior Ginnie official.

By taking steps to shore up the financial standing of nonbank lenders and servicers, Ginnie Mae is providing confidence to both MBS investors and warehouse lenders.

Investors are showing strong demand for various types of esoteric ABS, including data center securitizations, whole-business transactions and deals tied to music royalties.

Until recently, originations and MBS issuance were on the rise. But rising rates have introduced uncertainty in the secondary market.

The $166 million unrated deal is the first in a shifting strategy for the RTL lender.

The $500 million securitization is backed by proceeds from future remittance transactions sent from within the U.S. to Mexico.