SFA’s new director of advocacy comes from CSBS; Ginnie adjusts platinum MBS pooling; earnings per share at Orchid Island Capital up in fourth quarter; Setpoint to acquire due diligence provider.

Fitch held on to the top ranking in ABS ratings through the first nine months of 2025. Kroll stretched its lead in RMBS ratings.

Kroll Bond Rating Agency expects new ABS issuance volume to increase by 5% from 2025 to 2026.

The $216.0 million securitization is backed by energy-as-a-service contracts. The ABS is supported by 1,445 leases to customers primarily from the health care, industrial and consumer staples industries.

The DOJ has filed charges against four former Tricolor executives for defrauding finance providers and ABS investors by double-pledging collateral and manipulating collateral characteristics.

Losses on auto loan ABS are near record levels. Still, there are pockets of opportunity for savvy investors.

Forward Financing and New Mountain Net Lease separately issued their inaugural securitizations. Both deals were oversubscribed.

Issuers of utility recovery bonds want the SEC to treat the asset as corporate bonds. They raised concerns about a recent flip by the SEC to treat URBs as ABS, though the SEC notes that it has considered some URBs to be ABS for years.

TD Bank, the largest bank investor in ABS, increased its portfolio significantly in the third quarter, but most of its peers reported declines. (Includes two data tables.)

Impairments on unsecured consumer loans increased the most in Washington, DC, Maryland, and Virginia during October, with borrowers impacted by the partial shutdown of the federal government.