A bank sought approval from the OCC to have a special purpose vehicle treated as a securitization for capital requirement purposes. The OCC demurred, noting that just because the transaction was an SPV didn’t make it an ABS.

Ascent Funding has an offering backed by loans tied to coding classes. Morningstar has warned that ABS investors aren’t protected in the event of a bankruptcy by the borrower.

NewtekOne is boosting originations of small business loans outside of the SBA 7(a) program. The firm recently issued its second ABS of the loans, offering strong yields for issuers and investors.

A new issuance from GreenSky adds to a growing securitized home-improvement loan market.

Vehicle-financing securitizations continued to dominate ABS issuance in the second quarter, although volume fell 9% from the first three months of the year. Business ABS issuance almost made up the difference. (Includes three data tables.)

The decrease in the value of used vehicles poses a particular risk for ABS investors, rating services warn.

Growth in the AI and cloud computing space could push some share of data-center financing outside of MBS and ABS.

KBRA has downgraded six tranches from LendingPoint ABS issued between 2021 and 2022.

Rithm will restate financials going back to 2021; commercial lending executives expect MBS issuance to remain strong; new wildfire risk mitigation recovery bond.

The new platform uses blockchain to make it easier to verify fixed-income assets and to decrease trading timelines.