Rating services are requiring higher credit enhancement levels and taking negative actions on outstanding deals due to problems stemming from the coronavirus. Fitch finalized new criteria for residential MBS late last week.

The bulk of loans from the July 6 Term ABS Loan Facility have gone to investors in legacy commercial MBS.

Federal regulators have delayed their review of risk-retention requirements until next year. Also, most regulatory actions planned for MBS and ABS fall into the “long-term” category.

The consumer ABS sector is in recovery mode after hitting a rough patch due to the coronavirus pandemic, according to comments made during a recent webinar.

An advisory panel has called for greater transparency around credit ratings. SEC officials say the reforms could be difficult to implement.

Mortgage industry vendors seem to have no trouble tapping the capital markets these days. The latest example: Fidelity National Financial.

The court declined to consider updates on the so-called valid-when-made doctrine. But the ruling is still subject to reconsideration.

It’s increasingly possible the Federal Reserve will add jumbo MBS to the assets eligible for TALF, according to Structured Finance Association CEO Michael Bright.

The use of extensions on subprime auto ABS more than doubled in April on a monthly basis. The outlook for performance is uncertain with enhanced unemployment benefits set to end in July.

A federal judge in Delaware rejected the CFPB’s $19.1 million proposed consent decree with 15 student loan trusts because the law firm that signed on behalf of the defendants lacked authority.