The DOJ has filed charges against four former Tricolor executives for defrauding finance providers and ABS investors by double-pledging collateral and manipulating collateral characteristics.

Losses on auto loan ABS are near record levels. Still, there are pockets of opportunity for savvy investors.

Forward Financing and New Mountain Net Lease separately issued their inaugural securitizations. Both deals were oversubscribed.

Issuers of utility recovery bonds want the SEC to treat the asset as corporate bonds. They raised concerns about a recent flip by the SEC to treat URBs as ABS, though the SEC notes that it has considered some URBs to be ABS for years.

TD Bank, the largest bank investor in ABS, increased its portfolio significantly in the third quarter, but most of its peers reported declines. (Includes two data tables.)

Impairments on unsecured consumer loans increased the most in Washington, DC, Maryland, and Virginia during October, with borrowers impacted by the partial shutdown of the federal government.

The request came from the CRE Finance Council, the Mortgage Bankers Association and the Securities Industry and Financial Markets Association. The groups said the disclosure requirements have negatively impacted the commercial MBS market.

Insurers have diversified their investments with an increase in holdings of alternative assets, including private equity and real estate.

Figure recently launched a stablecoin that will be minted natively on the Solana blockchain, giving investors another way to invest in the company’s assets.

Issuers of consumer loan ABS are increasingly using VantageScore 4.0 because it detects potential delinquencies better than Classic FICO, according to officials at VantageScore.