Non-agency MBS issuance hit its highest level since the third quarter of 2007, largely because of surging production of the new generation of Alt A and subprime deals. JPMorgan Chase was the top issuer and top underwriter in the first quarter. (Includes three data tables.)

The rapid rise in investor interest for home equity loan securitizations has drawn parallels to the rise of non-QM MBS post the 2008 crisis.

Originator collateral misrepresentation and servicer reporting fraud also received a notable portion of votes for the most concerning schemes in a new survey from the Structured Finance Association.

Liability under ERISA for MBS structures could be impacted by a recent appeals court’s ruling in a long-running lawsuit.

Annaly Capital Management is set to issue a $349.3 million non-agency MBS with loans originated by AmeriHome Mortgage.

Some 68.0% of mortgages originated in 2025 were sold into MBS. Securitization rates were stable across most products, except for expanded-credit mortgages, where the securitization rate increased sharply. (Includes data table.)

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.

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

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

Following recent fraud issues in the ABS space, investors are looking for ways to improve fraud mitigation.