Arbor Realty Trust affirms accounting, business practices; Fannie offers new CRT tranche; two ABS issuers under pressure.

Four rated deals have been issued in recent months. Morningstar established rating criteria for HEI securitizations late last year.

The new ratings methodology would bring ratings for private student loan ABS in line with ratings for other consumer-backed ABS.

S&P lost a little market share in rating newly issued ABS but remained the top provider in the first quarter. Fitch had a similar experience in the non-agency MBS market. (Includes two data tables.)

S&P Global Ratings has updated its ratings methodology for data center ABS to better account for property values and insurance risks.

As AI becomes ubiquitous in both the origination and securitization of loans, the U.S. regulatory framework is likely to evolve closer to the stricter rules used in the European Union.

Nearly 34,000 leases for equipment finance are set to go into a new securitization from ClickLease. The firm focuses on lending to subprime and near-prime borrowers.

The SEC or another federal entity should map credit ratings among competing rating services, similar to efforts by regulators in other countries, according to Morningstar. The firm said rating mapping can help keep competition strong among rating services.

Esoteric assets such as data centers and HEIs have seen increased investor interest due to higher interest rates.

The $3.4 billion whole-business securitization received a preliminary BBB rating from Kroll Bond Rating Agency.