Bank ABS holdings rose unexpectedly in the fourth quarter, but most of the gain came from a portfolio securitization of consumer loans by one institution. (Includes two data tables.)

Attendance at the SFVegas conference this year hit another record. Demand for MBS and ABS is exceptionally strong, with few concerns on the immediate horizon.

New prohibitions against conflicts of interest in the MBS and ABS market will take effect in June 2025. But SEC officials are urging industry participants to raise compliance concerns, if any, as soon as possible.

Mortgage REITs mostly treaded water in the fourth quarter, although aggregate industry holdings were down slightly from the previous period. (Includes two data tables.)

Despite significant changes following 2008, the non-agency market still only makes up a small portion of total MBS issuance.

Higher vehicle prices and inflation are reducing auto lending to subprime borrowers and lifting the prime sector’s share of ABS issuance.

If the central bank was required to mark its securities holdings to market, it would be more than $1 trillion in the hole, according to a new research paper.

The number of loans in commercial MBS with NRA determinations more than doubled in 2023 and is expected to rise again this year.

Issuance of GSE Supers MBS remained elevated in the fourth quarter, although down significantly from the previous period. Ginnie remains king of the agency REMIC market. (Includes two data tables.)

Secondary market prices are firming up for non-QM whole loans, but there is chatter among investors that early-stage delinquencies are on the rise. A blip on the radar screen or something else?