The top five bank investors in the ABS market all reported substantial declines in their holdings during the third quarter. One bright spot was investment in the surging consumer ABS market. (Includes two data charts.)

As president, Joe Biden will have to negotiate with both sides of Congress, limiting sweeping policy changes, according to industry analysts.

The expiration of payment relief will result in a modest increase in delinquencies but resumed payments will support cash flows for the ABS deals, according to industry analysts.

Less than $1 billion of credit card ABS were issued in the first nine months of 2020 even though outstanding deals are performing well. Delinquencies are expected to increase.

Strong performance of outstanding marketplace consumer loan ABS is bringing issuers and investors back to the market. But default risks will likely increase through the remainder of the year, according to analysts.

As mortgage debt deals proliferate, so too are rating agency reports on the issuers. Among the latest: UWM, FoA and loanDepot.

The vendor uses machine learning and artificial intelligence technology to select and purchase consumer loans from originators.

While mortgage IPOs are starting to look dicey, the debt market continues to be receptive. The latest issuer: wholesale giant UWM.

Auto-loan securitization remained the biggest ABS sector, but business-finance deals recorded the biggest third-quarter increase. Delta’s air-mile deal set the pace. (Includes two data charts.)

Delinquencies in auto securitizations increased in August, the first uptick in five months. But losses were at record low levels during the month.