Securitization rates increased for GSE-eligible loans, government-insured mortgages and non-agency mortgages. While bank demand for jumbos is declining, the vast majority of the loans don’t go into MBS. (Includes data table.)

The lawsuit involved HAMP-modified loans in 36 non-agency MBS. Wells Fargo was the trustee of the securitized trust.

Ten years after the first single-family securitization was issued, S&P Global Ratings is ready to assess the deals.

ABS Advisory CEO Fouad Onbargi discussed new sources of warehouse financing and developing new classes of ABS.

WeWork is renegotiating leases in an effort to reduce costs. In a 2021 commercial MBS from JPMorgan Chase, the monthly lease payment dropped by 25% and cash reserves in the deal are dwindling.

Moody’s Investors Service said performance for student loan ABS is seeing issues as a result of public policy moves around student loan debt and a resumption of payments after a several-year pause.

Finding a replacement, though, is going to be a tall order given that Ginnie Mae has pay restrictions.

Figure is expected to issue its third HELOC MBS of 2023 and will provide loans to an upcoming Saluda Grade issuance.

Citibank this week issued two credit card securitizations totaling $1.5 billion. The bank’s last credit card deal was in October 2018.

If you’re looking for positives in the residential REIT sector, take a peek at how their debt is trading these days — most north of 90 cents on the dollar. Credit belongs to lower interest rates.