loanDepot to issue its 11th mortgage warehouse securitization; Gray Media expands television securitization; Hooters bankruptcy could impact whole-business securitization.

Asset managers and hedge funds are taking a more active approach in ABS issuance.

Securitized loans from the Federal Family Education Loan program could receive negative credit rating marks if the Department of Education is successfully dissolved by the Trump administration.

A new securitization includes $51.8 million of real estate tax liens primarily for residential and commercial properties.

The growth is expected to be driven by a few repeat issuers. Only three credit unions were repeat issuers in 2024.

A proposal from S&P would have a wide-ranging impact on ratings of commercial MBS. Fitch is also considering allowing data center ABS to carry additional leverage.

Recurring revenue loans are primarily underwritten based on the borrower’s annual recurring revenue rather than on loan cash flows. RRL ABS issuance is expected to reach $14.3 billion this year.

FICC proposes volatility event charge; securitization-as-a-service offering from Financely; Morningstar acquires DealX.

The Trump administration is likely to take actions that will reduce regulation for the MBS and ABS markets. Industry participants are working to shape the actions while also staying nimble.

Threats of the potential closure of the Department of Education could massively expand private student loan ABS issuance.