Rated ABS issuance was relatively flat in the second quarter. In the non-agency MBS market, rated production was buoyed by the surging home-equity sector. (Includes two data tables.)

FINRA received approval from the SEC to shorten reporting requirements for most trades of MBS and ABS from within 15 minutes to within one minute of a deal having transpired.

The trade groups claim the Third Circuit ruling relied on an “artificial” interpretation of CFPA’s definition of a covered person.

Improved underwriting and consumer resiliency makes DoubleLine bullish on the consumer ABS market moving forward.

As per a consent order with the CFPB, Navient has agreed to pay $120 million in restitution and fines and permanently exit federal student loan servicing.

Most of the top bank ABS investors reported declines in their holdings during the second quarter. Radius Bank and Capital One bucked the trend by growing their portfolios. (Includes two data tables.)

ABS backed by home equity investments are offering unlevered returns in the low double digits. The first rated HEI ABS was issued in October and industry players are anticipating exponential growth.

The restaurant chain was removed as manager of its 2017 whole-business securitization following a slew of reporting errors and rating downgrades.

The smoothie maker has some differing characteristics compared with other fast-food operators with whole-business ABS.

Used equipment inventories are on the rise, adding to other agriculture equipment ABS risks posed by high interest rates and lower equipment demand, according to Moody’s Investors Service.