The Structured Finance Association is working with members of Congress on a potential bill to help facilitate the transition away from the scandal-scarred LIBOR.

Auto ABS issuance dropped 9% in COVID-marred 2020, compared with a 40% decline seen during the 2007-2009 crisis, according to S&P.

Loan extensions on auto ABS increased for the third straight month in November amid rising coronavirus cases. Losses for investors could be around the corner, according to S&P Global Ratings.

Gov. Andrew Cuomo’s 2022 budget proposal includes language that formalizes the inevitable shift from LIBOR to SOFR for most financial institutions.

ABS issuance rebounded from COVID-related market disruption in the third quarter but lost momentum in the fourth quarter to end 2020 down 11% from the previous year. (Includes two data charts.)

Issuance of container ABS surged in the third quarter of 2020 only to deflate in the fourth quarter. KBRA has a positive outlook for the sector despite the ongoing coronavirus.

For years, industry analysts raised concerns about the quality of CLOs, warning of poor performance. While issues from the coronavirus prompted some problems, AAA-rated tranches of CLOs have held strong.

The property assessed clean energy ABS issued by Renovate America are “largely insulated” from the company’s financial troubles given its limited involvement in the deals post-issuance, according to KBRA.

In December, the capital markets remained receptive to all that nonbanks and REITs had to offer. But will it continue?

The MBS market can expect a push from increased availability of mortgages and improvements to ABS performance.