A bankruptcy could impact the firm’s outstanding securitizations, including forced replacements of the transaction manager/servicer.

Demand for MBS/ABS remains high, helped by interest rate trends. But President Trump is a wildcard, prompting some caution among investors.

Bank holdings of non-mortgage ABS slumped to $82 billion at the end of 2024, the lowest level in 17 years. One bright spot was bank investment in ABS backed by unsecured consumer loans. (Includes two data tables.)

NAIC could increase oversight of its Securities Valuation Office ahead of a proposal that would allow the SVO to change ratings on insurance company investments.

Prices for autos and other vehicles are expected to increase due to tariffs set by the Trump administration. That will likely lead to worse performance for securitizations, according to Moody’s Ratings.

SFA and ICE developing securitization index; securitization involving professional sports on the horizon; rating services comfortable with Trimont acquiring Wells Fargo’s third-party commercial mortgage servicing business; deal structuring tool from dv01.

The deal received a preliminary AAA rating from S&P Global Ratings.

The $525 million ABS backed by private loans was placed exclusively with funds and accounts managed by PGIM.

The fund will invest in subordinate asset tranches of ABS.

Deals backed by leases and loans to consumers to buy cars and other vehicles continued to set the pace in ABS issuance last year. But the only sector to see increased volume in the fourth quarter was ABS backed by unsecured consumer loans. (Includes three data tables.)