Agency pass-through MBS remain the most popular asset in bank holding company trading accounts, but there was a sharp increase in agency multifamily securities during the third quarter.

GA-based lender and servicer Groundfloor hit the ABS market for the first time by issuing a securitization with deferred payments tied to residential transition loans.

The Supreme Court’s decision to let a lower court’s ruling stand allows the bureau to watch over certain ABS market participants.

The changes are focused on rating criteria for private student loans and will have a mixed impact on outstanding deals. Industry had raised concerns about the proposal, but Moody’s pushed forward.

Sixth Street will purchase $4 billion in Affirm loans on a forward flow basis.

Associated Banc-Corp will take a loss in the fourth quarter; Chase packages seasoned jumbos in non-agency MBS; Octane Lending expands ABS issuance; another whole-business ABS from Jersey Mike’s.

Increasing investor demand and a need for insurance companies to diversify risk has led to growing interest in the insurance-linked securities market and catastrophe bond issuance.

ABS receive no-action relief on Rule 15c2-11 reporting; Ellington Management Group to securitize closed-end second liens.

New ABS issuance is about to set a new annual record in 2024, but banks remain largely disinterested in the sector. (Includes two data tables.)

Kroll Bond Rating Agency believes the ABS sector has a variety of tailwinds, including insurance company demand, that should boost issuance in 2025.